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Rubicon Point Acquires Shockwave Medical Headquarters
Rubicon Point Partners (RPP) has acquired the Shockwave Medical headquarters, a 201,078-square-foot, four-building R&D campus at 5353 Betsy Ross Dr. in Santa Clara, on behalf of Rubicon Point Fund II. Terms were not disclosed. The property is 100% NNN leased to Shockwave Medical, Inc., a medical device company and wholly owned subsidiary of Johnson & Johnson.
“This is the beginning of a billion-dollar investment strategy that we plan to deploy over the coming few years throughout the region,” said Ani Vartanian, co-founder and managing partner of Rubicon Point Partners. “This acquisition represents the quality and caliber of assets we will continue to target: mission-critical real estate leased to world-class tenants in the most dynamic markets on the West Coast.”
The acquisition reflects RPP’s strategy of targeting institutional-quality assets in supply-constrained, innovation-driven markets where long-term demand is anchored by technology and innovation. CBRE National Office Partners served as the exclusive advisor to RPP.
- ◦Sale/Acquisition
