The client, an affiliate of Deere & Co., subleased the property in July.
Blue River Expertise has bought an 83,590-square-foot workplace constructing in Santa Clara, Calif., for $85 million, in accordance with CommercialEdge knowledge. The vendor, Toeniskoetter Growth, constructed the 2015-completed property.
Owned by Deere & Co., the client is a farm robotics expertise firm, which subleased the property in July of this 12 months. Again in March, Deere opened its new tech hub in Austin, Texas, occupying the higher two flooring of a Clarion Companions workplace constructing.
Situated at 3303 Scott Blvd., the Class A workplace asset is supplied with two passenger elevators, 27,146-square-foot flooring plates, managed entry and 288 parking spots. The four-story constructing is located on a 2.5-acre lot near Interstate 280, offering entry to San Francisco. The property is 6.9 miles from downtown San Jose, Calif., and inside 7 miles of Mountain View, Calif.
In response to latest CommercialEdge knowledge, the San Francisco Bay Space was one of many prime markets for workplace transactions in the course of the first half of 2022, rating second on the checklist, after Los Angeles. The metro’s gross sales quantity within the first six month of the 12 months amounted to $2.4 billion, at a median worth of $497 per sq. foot.
