Tishman Speyer Trades Mountain View Office Building for $121.5M

Tishman Speyer sold 400 Castro Street, a 100 percent leased, Class A office building in downtown Mountain View, California. Spear Street Capital was the buyer in the $121.5 million transaction.

Tishman Speyer developed the 138,000-square-foot property in 2002 and immediately leased the office space in full to Fenwick & West, which has remained a customer in the building.

Tishman Speyer claims the transaction represents one of the strongest pricing outcomes for a Mountain View office sale in recent years.

Centrally located with convenient access to highways and Caltrain, 400 Castro features expansive roof decks, underground parking and views of the San Francisco Bay and coastal mountains. The property, which was 100% leased at the time of the sale, is located in the heart of Downtown Mountain View, surrounded by restaurants and retail, with Cascal restaurant, Peet’s Coffee, and Sweetgreen on site.

Tishman Speyer was represented by the Eastdil Secured team led by Nate Jones.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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