An office asset located at 600 Clyde Avenue in Mountain View was sold for $108,100,000. The property encompasses a total square footage of 190,000, with a price per square foot of $569. This sale occurred amidst a challenging market environment characterized by high vacancies and a reduction in tech sector activity, resulting in a transaction price significantly below assessed values.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $108,100,000
• Square Footage: 190,000
• Price per Square Foot: $569
• Address: 600 Clyde Avenue
• Market: Mountain View
• Buyer: Stuart Shiff - DivcoWest; Michael A. Covarrubias - TMG Partners
• Seller: Renault & Handley

The transaction involved a partnership of experienced investors, including notable firms DivcoWest and TMG Partners. Their acquisition of the office building highlights a strategic move in a fluctuating market, where the presence of a major tenant, Google, was a factor despite the overall decline in property values.