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BentallGreenOak Acquires Apple-Leased Office In Sunnyvale For $41M From GI Partners

Property Image
SOLD
$41,000,000
Cheri Pierce
Will Connors
Michael Manas
+ 5

California

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Office75,400 SF
Sold 08/31/2023
the dealplayerscompscontact
Property Image
SOLD

BentallGreenOak Acquires Apple-Leased Office In Sunnyvale For $41M From GI Partners

825 Stewart Dr Sunnyvale, CA 94085, USA

See Similar Deals
Office75,400 SF
Sold 08/31/2023
Cheri Pierce
Will Connors
Michael Manas
+ 5
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$543
Total Square Footage:75,400 SF
Transaction Type:Sale

An Apple-leased office property in Sunnyvale has been sold for $41,000,000. The property spans across 4.3 acres and offers a total area of 75,400 sq ft. The office is located at 825 Stewart Drive in Sunnyvale. The transaction took place between BentallGreenOak, represented by Sonny Kalsi and John Carrafiell, as the buyer, and GI Partners, as the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $41,000,000
  • Address: 825 Stewart Drive, Sunnyvale
  • Market: Sunnyvale
  • Size: 4.3 acres
  • Square Footage: 75,400 sq ft
  • Buyer: BentallGreenOak - Sonny Kalsi & John Carrafiell
  • Seller: GI Partners

The transaction was facilitated by JLL brokers Will Connors, Daniel Renz, Michael Manas, Cheri Pierce, Kendall Willet, and Aisling Duffy. The deal involved an Apple-leased office building, and Apple's lease agreement will continue until 2030.

Players

Daniel (Dan) Renz
Daniel Renz
4 deals$298.8M volume
BROKER
Michael Manas
JLL
Michael Manas
4 deals$298.8M volume
BROKER
Will Connors
JLL
Will Connors
4 deals$298.8M volume
BROKER
Cheri Pierce
JLL
Cheri Pierce
2 deals$123M volume
BROKER
Kendall Willet
JLL
Kendall Willet
1 deal$41M volume(312) 782-5800
BROKER
Aisling Duffy
JLL
Aisling Duffy
1 deal$41M volume(650) 480-2200
BROKER
Sonny Kalsi
BentallGreenOak
Sonny Kalsi
19 deals$1.5B volume
BUYER
John Carrafiell
BentallGreenOak
John Carrafiell
7 deals$524.7M volume
BUYER
GI Partners
GI Partners
SELLER

Details

SOLD
IMAGE: Michael Manas, Cheri Pierce, John Carrafiell, Kendall Willet, Daniel Renz, Sonny Kalsi, Aisling Duffy & Will Connors DATE: 08/31/2023 ADDRESS: 825 Stewart Drive MARKET: Sunnyvale ASSET TYPE: Office ~ ACRES: 4.3 BUYER: BentallGreenOak (@BGOSeattle) - Sonny Kalsi (@Skhoya) & John Carrafiell SELLER: GI Partners BROKERS: Will Connors, Daniel Renz, Michael Manas, Cheri Pierce, Kendall Willet & Aisling Duffy - JLL (@JLL) SALE PRICE: $41,000,000 SF: 75,400 ~ PPSF: $544 NOTE: BentallGreenOak affiliate buys a 75,400 sq ft Apple-leased office in Sunnyvale for $41 million ($544 per sq ft) from a GI Partners affiliate; Apple's lease continues until 2030.

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