MWest Spends $200M for 825 KSF Office, R&D Portfolio in Silicon Valley

Source:  CPE

MWest Properties’ Silicon Valley footprint just grew by 825,000 square feet. The company, a year-old venture comprised of DivcoWest, Ivanhoé Cambridge and TPG Real Estate, has acquired a three-campus portfolio encompassing 12 R&D and corporate office buildings in San Jose, Calif., for approximately $200 million. Carr Properties was the seller. From the perspective of hopeful buyers, MWest is in an enviable position. “The Class A and nicely-positioned properties in ...

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