JV buys Milpitas, Calif., office
Soma Capital Partners (SCP) has purchased Murphy Crossing, located at 1001, 1011 & 1033 McCarthy Blvd. and 915 & 933 Murphy Ranch Road in Milpitas, Calif. Built in 1994 to serve as Octel Communication Corporations’ global headquarters, Murphy Crossing is exceptionally designed with steel-frame construction, floor-to-ceiling glass lines, 14-foot slab heights and extensive tenant amenities including an on-site cafeteria, and outdoor volleyball and basketball courts across a 21-acre campus setting. The property is 100 percent leased to a diverse set of tenants spanning the technology and healthcare sectors.
Soma Capital Partners acquired the property through a programmatic joint venture with Timbercreek Asset Management, a Toronto-based institutional investo