Peter Sullivan Of PSAI Realty Partners Acquires Mountain View Corporate Center From Rockwood Capital For $193M

The transaction involved the sale of the Mountain View Corporate Center, a five-building complex situated at 301-381 East Evelyn Avenue. The asset spans a total of 289,000 square feet and was sold for $193,000,000, resulting in a price per square foot of $668. The property is fully leased and occupies a 16-acre site within the Mountain View market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $193,000,000
• Square Footage: 289,000
• Price Per Square Foot: $668
• Buyer: Peter Sullivan - PSAI Realty Partners
• Seller: Rockwood Capital

The deal marked the largest office sale in Mountain View since 2021 and was notable for being the first sale to exceed $150 million in over three years. The sale attracted interest from around 20 institutional investors, indicating a resurgence of institutional capital in the Bay Area office market.