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GI Partners acquires tech office building in Sunnyvale, CA

  • Region:

    California

  • Sector:

    Real Estate

  • Deal Size:

  • Buy Side Company:

    GI Partners
  • Sell Side Company:

  • Target Company:

GI Partners acquired 825 Stewart Drive in Sunnyvale, California, through real estate fund DataCore L.P. The property, a 75,000 square foot office and R&D building, which is leased to a technology company. GI Partners manages DataCore on behalf of The California State Teachers' Retirement System. GI Partners is a leading private investment firm based in San Francisco, California. The firm currently manages over $12 billion in capital commitments through private equity and real estate strategies for recognized institutional investors, including some of the largest state and sovereign pension funds in North America, Europe, Australia, Asia, and the Middle East.

Tags:

PE Deals,Real Estate,Commercial Real Estate,Office Property,private equity