Tishman Speyer has acquired a four-building class A office campus in Sunnyvale, Calif., for $365 million. The seller was NetApp, a global cloud-led, data-centric software company.
The site, located on Crossman Drive in the desirable Moffett Park submarket, also includes two parking structures plus outdoor recreational space. It currently serves as the headquarters location for NetApp, which plans to relocate later this year following a short leaseback.
The transaction adds to Tishman Speyer’s growing footprint in the Silicon Valley area and in the Bay Area overall. The firm’s existing portfolio of signature properties in the region includes Bayside Towers in Foster City, 400 Castro Street in Mountain View, and several major properties in San Francisco. The latter group includes, among others, 222 Second, which is leased to LinkedIn, and the transformational Mission Rock project under way in collaboration with the San Francisco Giants.
Plans call for the Sunn
