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Hines Expands Bay Area Portfolio with Sunnyvale Addition
Houston-based Hines has reportedly acquired Oakmead West, a seven-building, multi-tenant campus in the heart of the Silicon Valley, from DWS Group. The Class A office/R&D buildings total 431,095 square feet and are situated on 21.62 acres in Sunnyvale, CA.
Completed in 1998, the Oakmead West campus consists of 920, 935, 940, 945, and 960 Stewart Dr., 490 and 510 DeGuigne Dr. The property will undergo capital improvements, including tenant interiors, landscaping, signage and wayfinding, as well as exterior collaboration areas.
Oakmead West is currently 96% leased to a diverse tenant roster, which includes Trimble Navigation, ShoreTel and AbbVie.
Hines’ Shawn Hardy says, “Oakmead West is an exceptional opportunity to acquire and control a critical mass of multi-tenant office/R&D product on over 20 acres in Sunnyvale, and we are pleased to add it to our portfolio.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


