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Embarcadero Capital, PCCP Pick Up Milpitas Campus for $70M

A joint venture between Embarcadero Capital Partners and PCCP, LLC acquired Park Point campus in Milpitas, CA from Los Angeles-based Hudson Pacific Properties for a reported $70.25 million. The 30-acre site has three office/R&D buildings totaling roughly 472,000 square feet, and is located at 115-155 North McCarty Blvd.

The campus is one of the few remaining high-quality headquarters facilities available in Silicon Valley. HOK has been engaged to lead the project’s revitalization as a contemporary, creative workplace. NKF’s Jeff Arrillaga, Shawn Kellenberger and Michael Saign are the property’s exclusive listing agents.

Embarcadero Capital Partners’ Carol Donnelly said, “We have a long history of creating transformative corporate headquarters along the 237 Corridor. We are thrilled to start working on Park Point with our partner PCCP and the teams from HOK and NKF. We believe this campus is one of the best large blocks of space immediately available in Silicon Valley at an incredibly competitive price point.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition