Union Investment Acquires New Sunnyvale Office for $222M

Union Investment’s open-end Unilmmo: Europa fund has purchased a newly constructed office building in Sunnyvale, CA for a reported $222 million. The building, named The Catalyst and located on West Maude Avenue, is currently leased to business networking platform LinkedIn.

Union Investment’s Matthew Scholl said, “The Catalyst, our second acquisition in Silicon Valley, fits extremely well within our continued US growth story. Sunnyvale is a very attractive location, benefiting from its close proximity to the more expensive submarkets of Palo Alto and Menlo Park.”

The Catalyst was completed in 2021 and offers 195,000 square feet of lettable office space. The property is located immediately adjacent to LinkedIn Headquarters, and maintains a LEED Gold certification and WELL certified design. 

“Catalyst is truly a best-in-class office property with a focus on sustainability and wellness. The building has HVAC carbon filters that can measure air quality and is also equipped with digital and automated building system controls such as hands-free entrances, elevators and doors,” said the firm’s Willis Kim.