Real Estate Trust at Silicon Valley Community Foundation has sold a six-building office/R&D portfolio in Cupertino (Silicon Valley), Calif. The sales price was $98 million.
The new owner is PMP Tech, a Taipei, Taiwan-headquartered company.
“This portfolio presented a rare, secure asset with strong, long-term credit tenancy in a very desirable Cupertino location, which appealed greatly to my client as a long-term investment,” said Tenny Tsai, who has served as PMP Tech’s exclusive broker representative since 2012 and has worked with the group on several asset acquisitions. “PMP Tech has remained bullish on U.S. real estate, and particularly assets with credit tenants in top-performing markets such as Silicon Valley.”
Established for more than 40 years, PMP Tech is a product supplier to many major multinational clients all over the world. Through real estate investment, PMP Tech is able to create stable cash income whereby also creating the sustain
