TMG Partners buys seven-building office campus in Santa Clara, Calif.

TMG Partners has closed on The Quad, an office campus located at the intersection of Tasman Drive and Bunker Hill Lane in Santa Clara, Calif.

The Quad is a seven-building, 410,106-square-foot office campus consisting of two-story buildings built in 1982 and recently renovated by JP Morgan. Occupying 50 percent of the project on a long-term lease, anchor tenant Silicon Valley Bank maintains headquarters for their Global Commerce Bank operations at the property.  Other tenants include GoDaddy, Perspecta and a recently executed 23,000-square-foot lease with Knowles, bringing occupancy at the property to 73 percent.

“TMG Partners was attracted to this property because of its stable long-term cash flow, the Santa Clara location, our understanding of the need to provide office space for the many different size requirements of today’s tenants, as well as the existing suit