Craig Young Acquires Sunnyvale Office Campus From Laura Hines-Pierce For $100.8M

The office and research campus at 935 Stewart Drive & 490 De Guigne Drive in Sunnyvale, spanning 21.4 acres, was recently sold for $100.8 million. The transaction involved a total square footage of 431,100 and a price per square foot of $234. The property was acquired by Craig Young of Tidewater Capital from Laura Hines-Pierce of Hines and Goldman Sachs.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $100,800,000
• Address: 935 Stewart Drive & 490 De Guigne Drive
• Market: Sunnyvale
• Buyer: Craig Young - Tidewater Capital
• Seller: Laura Hines-Pierce - Hines ; Goldman Sachs
• SF: 431,100
• PPSF: $234

Craig Young of Tidewater Capital made the purchase from Laura Hines-Pierce of Hines and Goldman Sachs in a transaction that signifies a changing trend in the Bay Area's office market. The deal for the tech campus reflects current market conditions impacted by remote work, increasing vacancies, and evolving economic circumstances.