Goodman Group Acquires 319800 SF Office Campus In Milpitas From Analog Devices For $40.4M

A 17.3-acre vacant office and R&D campus was sold for $40.4M. The property includes 319,800 square feet and is located at 720, 790 Sycamore Drive, 1511 Buckeye Drive, 1610 & 1630 McCarthy Boulevard in the Milpitas market. The sale price equates to $126 per square foot, which is 47% below its 2024 assessed value.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $40,400,000
• Square Footage: 319,800
• Address: 720, 790 Sycamore Drive, 1511 Buckeye Drive, 1610 & 1630 McCarthy Boulevard
• Market: Milpitas
• Price per Square Foot: $126
• Buyer: Anthony Rozic - Goodman Group
• Seller: Vincent Roche - Analog Devices
• Broker: Cushman & Wakefield

Goodman Group acquired the property from Analog Devices, with the transaction facilitated by Cushman & Wakefield, highlighting strong activity in the market amid high tenant demand for large parcels in Silicon Valley.