News

May 5, 2014
955 & 965 East Arques Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of 955 & 965 East Arques Avenue (the “Property”) in Sunnyvale, Santa Clara County, CA. The property closed on May 5, 2014 and is comprised of one two-story class B+ office building of institutional quality and one single-story class B office/R&D building, that consist of approximately 85,454 square feet and are 100 percent leased.

The property is located within the “Silicon Valley” market and benefits from a large number of technology companies in the area, including Apple, Google, Applied Materials, Intel, Linked-In, Cisco and Oracle. The property is in a superior location within Sunnyvale, which offers multiple amenities, and transportation options. The Lawrence Caltrain station is within one mile and the Santa Clara Light Rail system is also nearby. In addition, the property is less than a half-mile from the Central Expressway, Lawrence Expressway, and Highway 101, providing direct access to the rest of Silicon Valley and the Bay Area.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.