Palo Alto Networks Affiliate Purchases 14.5 Acre Development Site In Santa Clara For $90M

The property involved in this transaction is a 14.5-acre development site located at 3625 Peterson Way in Santa Clara. It was purchased for $90 million, and the seller had previously intended to construct nearly 700,000 square feet of office space on the site.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $90,000,000
• Address: 3625 Peterson Way
• Market: Santa Clara
• Seller: Owen D. Thomas - BXP
• Broker: Edmund Najera - Newmark
• Broker: Jon Cannon - Newmark

A Palo Alto Networks affiliate was the buyer in this transaction. The brokers, Edmund Najera and Jon Cannon, represented the seller, BXP, in the deal.