HFF announces the sale of Class A office/R&D building in Silicon Valley
SAN FRANCISCO, CA – July 11, 2018 – HFF announces the sale of 601 McCarthy, a 189,481-square-foot, Class A office/R&D building in Milpitas, California.
The HFF team represented the seller, Embarcadero Capital Partners, LLC and True North Management Group, and procured the buyer.
601 McCarthy Boulevard is situated on a 9.66-acre site close to Interstate 880 and Highway 237 in Milpitas, about five miles north of San Jose. The property is served by VTA light rail and is near the planned extension of the BART commuter rail line and the future Milpitas BART station. The recently renovated, two-story building features a floor-to-ceiling glass window line, large open floor plates, exercise facility with showers and lockers, large cafeteria and outdoor seating areas. 601 McCarthy is fully leased to FireEye (Nasdaq: FEYE).
The HFF investment advisory team representing the seller included senior managing director Michael Leggett, senior director Ben Bullock and director Thomas Foley.
Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.
About Embarcadero Partners, LLC
Embarcadero Capital Partners is a real estate investment and management firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture.
About True North Management Group
True North Management Group is a private real estate investment manager with a value creation investment strategy focused on middle market real estate opportunities across the capital structure located in growth-oriented markets throughout the United States. True North was founded in 2004 and is based in White Plains, New York.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.