SAN FRANCISCO, CA – HFF announced today that it has closed the sale of Gold Street Technology Center, a five-building, 302,600-square-foot office/R&D campus in San Jose, California, which serves as the long-time world headquarters for Tivo, Inc.
HFF marketed the property on behalf of PNC Realty Investors, Inc., as investment advisor to the AFL-CIO Building Investment Trust. Embarcadero Capital Partners purchased the complex.
Gold Street Technology Center is comprised of 2100, 2130, 2150, 2160 and 2190 Gold Street, all situated along Highway 237 at the convergence of Sunnyvale, Santa Clara and San Jose in Silicon Valley. The property has easy access to Interstates 880, 680 and U.S. Highway 101 and is served by the VTA Light Rail and bus lines providing access to the ACE commuter train, Caltrain commuter train and Amtrak rail lines. Built between 1999 and 2000, Gold Street Technology Center is 80 percent leased to four tenants: Tivo, Inc., eSilicon Corporation, Minerva Networks and PiCoral.
The HFF investment sales team representing the seller was led by senior managing director and co-head of HFF’s national office investment sales platform Michael Leggett, managing director Steven Golubchik, and director John Simerlein.
Embarcadero Capital Partners is a real estate investment and management firm based on the San Francisco peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.