Ingrasys Technology USA Acquires Sunnyvale Tech Campus From Lane Partners For $128 Million

A six-building mixed-use property located at 1230, 1240, 1250, 1260, 1270 & 1280 East Arques Avenue in Sunnyvale was sold for $128,000,000. The total square footage of the asset is 313,700, resulting in a price per square foot of $408. The property spans across 26.3 acres.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $128,000,000
• Square Footage: 313,700
• Price per Square Foot: $408
• Address: 1230, 1240, 1250, 1260, 1270 & 1280 East Arques Avenue
• Market: Sunnyvale
• Acres: 26.3
• Buyer: Benjamin Ting - Ingrasys Technology USA
• Seller: Lane Partners

Ingrasys Technology USA, a subsidiary of Foxconn, is the buyer involved in this transaction. Lane Partners served as the seller. The acquisition reflects potential growth opportunities within Silicon Valley's technology sector amid ongoing industry adjustments.