SAN FRANCISCO - Arden Realty purchased 26 research-and-development office buildings in the Silicon Valley for an undisclosed amount. The portfolio totals 1.4 million square feet with buildings located in Santa Clara, Sunnyvale, Fremont and Palo Alto.
The acquisition follows Arden's agreement to purchase next month 38 office properties totaling 5.9 million square feet from the Blackstone Group for more than $2 billion.
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The acquisition follows Arden's agreement to purchase next month 38 office properties totaling 5.9 million square feet from the Blackstone Group for more than $2 billion.
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