SOLD
David Luski's DRA Advisors Buys Industrial Portfolio In Santa Clara From Stephen A. Schwarzman - Blackstone
3401 Leonard Court
Industrial
Sold 16 days ago
Summary
Sale
CALIFORNIA
Industrial
The industrial property located at 3401, 3501 & 3521 Leonard Court in Santa Clara was sold in a transaction involving the buyer, David Luski of DRA Advisors, and the seller, Stephen A. Schwarzman of Blackstone. The sale price for these buildings was $73,000,000. The specific sizes of the buildings were not disclosed. DRA Advisors, with assets totaling $12.9 billion across 579 properties in 34 states, acquired the Santa Clara buildings as part of their investment strategy.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $73,000,000
- Address: 3401, 3501 & 3521 Leonard Court
- Market: Santa Clara
DRA Advisors, co-founded by David Luski in 1985, has a diverse investment portfolio that includes multifamily, industrial, retail, and office properties. The buildings were sold by four affiliates of Blackstone, which originally acquired them through the purchase of PS Business Parks for $7.6 billion in 2022.
Details
SOLD
IMAGE: David Luski & Stephen A. Schwarzman
DATE: 05/03/2024
ADDRESS: 3401, 3501 & 3521 Leonard Court
MARKET: Santa Clara
ASSET TYPE: Industrial
BUYER: David Luski - DRA Advisors
SELLER: Stephen A. Schwarzman - Blackstone (@Blackstone)
SALE PRICE: $73,000,000
NOTE: DRA Advisors, co-founded by David Luski in 1985, has acquired four Santa Clara buildings for $73 million, but specific sizes were not disclosed. The purchase was part of a broader investment strategy that includes multifamily, industrial, retail, and office properties, with DRA managing $12.9 billion in assets across 579 properties in 34 states as of last year. The buildings were sold by four affiliates of Blackstone, which acquired them through its purchase of PS Business Parks for $7.6 billion in 2022.View on map
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Address3401 Leonard Court
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