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 Overview LMS-Patson Portfolio The Nokia Buildings Union Bank Plaza Vornado - Patson JV Entity The Metropolis Edgewater at Ocean Galleria Corporate Centre |
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THE NOKIA BUILDINGS
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Retained by Keenan-Lovewell Ventures to sell a 100% fee simple interest in the Nokia Buildings, two 2-story office buildings built in 1999 containing 131,561 square feet. |
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Property serves as the primary corporate campus for Nokia in the Bay Area. |
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The Property enjoys a prime location directly adjacent to Highway 101 across from Moffett Airfield in the city of Mountain View. |
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Zietsman Realty Partners diligently worked with investors to overcome their concern about the above-market lease and to underwrite a continued market recovery in Silicon Valley. |
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The marketing campaign resulted in offers from a broad range of potential investors. CarrAmerica was selected as the winning bidder and successfully acquired the Property. |
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Pricing of $53.6 million, or $407 psf was achieved for the Property. |
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