Graymark Capital Makes $45,250,000 R&D Acquisition In Sunnyvale, Ca

San Francisco, CA, February 2019 – Graymark Capital, Inc., in partnership with a major real estate private equity fund, has acquired a 78,623 square foot single tenant R&D building for $45.25 million. 785-787 N. Mary Avenue is a two-story R&D property located in the Peery Park submarket of Sunnyvale, CA with direct access to Highways 101 and 237. The property was constructed in 1980 and subsequently modified to an open floor plan with an R&D component. Sitting directly across from Irvine Company’s future 1.3 million square foot Pathline Park project, the project benefits from the new Peery Park Specific Plan designed to increase density and attract major technology firms to the area. The property is 100% leased to a leading global technology tenant based in Silicon Valley. Other major tenants in the Peery Park submarket include LinkedIn, Mercedes, Nokia, Volvo, Synopsis, Proofpoint and Corning. The project was purchased under Graymark’s [...]

By |2019-02-28T14:46:57-04:00February 18th, 2019|In the News|0 Comments