trending Market Intelligence /marketintelligence/en/news-insights/trending/x876myKRkiStA2Qw1B9KvQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Lane Partners sells San Jose, Calif., office park for $105M

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Lane Partners sells San Jose, Calif., office park for $105M

Lane Partners sold the six-building Orchard Commons research and development office park in north San Jose, Calif., to the State Board of Administration Florida for $105 million, the Silicon Valley Business Journal reported.

The value of the transaction, which was closed in July and confirmed by a spokesperson of the board, was not disclosed due to tax exemptions for government bodies; however, multiple industry sources confirmed it to be $105 million, the publication reported Aug. 10.

Lane Partners spent approximately $16.5 million to upgrade the nearly 22-acre asset in 2014. The campus was 84% leased at the time of the sale and is occupied by public companies such as General Dynamics, Verifone and Spirent Communications.