Lane Partners Acquires Office Complex In Sunnyvale For $104M

Located in Sunnyvale, the property at 1230, 1240, 1250, 1260, 1270 & 1280 East Arques Ave has been sold in a closed transaction. This office asset spans across 313,740 square feet and was sold for a price of $104,000,000, resulting in a price per square foot of $331.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $104,000,000
• Address: 1230, 1240, 1250, 1260, 1270 & 1280 East Arques Ave
• Market: Sunnyvale
• Buyer: Lane Partners
• Seller: WJFS
• Brokers: Jordan Angel, Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell & Toss Vallentine - JLL

Represented by JLL, the deal involved various key individuals including brokers Jordan Angel, Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell, and Toss Vallentine. Lane Partners emerged as the buyer of this office property in Sunnyvale, while WJFS served as the seller. The transaction, which took place on 11/03/2020, marked the successful completion of the deal.