Hines Global Income Trust acquires new asset in Silicon Valley
Hines Global Income Trust has acquired a single-tenant office, research and development building at 5301 Patrick Henry Drive in Santa Clara, Calif.
This one-story, 129,200-square-foot building is located in the center of Silicon Valley, a region that attracts some of the most desirable tenants in the world from a diverse mix of industries including technology. The property’s location is less than a half-mile from the VTA Light Rail and within one mile of the ACE Train, providing rail access throughout Silicon Valley and a large portion of the San Francisco Bay Area. In addition, the location is less than a 10-minute drive to Mineta San Jose International Airport with convenient access to Highway 101, Interstate 880 and California State Route 237.
“This transaction represents our second Santa Clara acquisition, showing our conviction in the resiliency of this market,” said Janice Walker, COO of Hines Global. “Our globally diversified portfolio’s tenant mix is