American Realty Acquires 100 View @ Mountain View Station

TA Associates disposed of a two-story office building in Downtown Mountain View, one of Silicon Valley's top submarkets, roughly 18 months after purchasing it as American Realty Advisors acquired the property this month. While the terms of the deal and pricing were not disclosed by either company, two separate sources said the property traded "in the mid-$700s," which would peg the sale at around $34 million, according to a Silicon Valley Business Journal article.

American's EVP/Executive Managing Director, Kirk Helgeson, stated, "As the economy continues to recover and exhibit signs of increasing stability, we are focusing on high-quality assets in innovation hub markets with strong demand from globally-competitive industries. As dynamic and high performing technology markets like Silicon Valley continue to grow in occupancy and rents, the acquisition of 100 View @ Mountain View Station represents the opportunity to acquire a quality asset in an outstanding location and create value for our clients over the long term."

The 45,000 square foot office building with direct access to the Mountain View Caltrain Station was built in 1985. Located approximately 12 miles northwest of San Jose and 37 miles southeast of San Francisco, the Property is in close proximity to the intersection of Highway 85 and Highway 237 in the South Peninsula office sub-market. The building is fully leased to multiple technology tenants.

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