California + Bay Area + Industrial | August 30, 2023

JLL arranged the sale of a fully leased, mission-critical R&D facility in Sunnyvale, CA to BGO

Mission-Critical R&D Building Trades to BGO

JLL Capital Markets closed the sale of 825 Stewart Dr., a mission-critical, fully leased R&D facility totaling 75,350 square feet in Sunnyvale, for an undisclosed sum. The team of Will Connors, Daniel Renz, Michael Manas, Cheri Pierce, Kendall Willet and Aisling Duffy represented the seller, GI Partners, and procured the buyer, BGO.

825 Stewart Dr., which was most recently renovated in 2015, is 100% leased to an American multinational technology company, which has also invested significant capital into the building infrastructure. The two-story building offers highly specialized lab improvements and 242 surface parking spaces.

“The successful sale of 825 Stewart Dr. underscores the importance of mission-critical infrastructure and power in today’s capital markets environment,” said Manas. “The specialized lab improvements, coupled with the tenant’s significant capital investments, created a compelling value proposition and competitive buyer pool.”

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.

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JLL's Manas

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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