Transactions - JANUARY 12, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Wisconsin pension fund sells Northern California office campus for $202m

by Andrea Waitrovich

The $89.7 billion State of Wisconsin Investment Board has sold the Facebook headquarters in Menlo Park, Calif., to the social media company for $202 million. RREEF represented the seller.

The 11-building complex totals more than 1.02 million square feet.

SWIB became Facebook’s landlord in 2011, acquiring the complex for $100 million from Oracle. At that time, Facebook signed a 15-year lease with an option to buy the campus after five years.

The sale follows SWIB’s sale of the 669 Mag Mile mall in Chicago for $295 million.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy