Hines Global Acquires Santa Clara R&D Property For $68M

The R&D property located at 5301 Patrick Henry Drive in Santa Clara has been sold for a total price of $68,000,000. The property spans an area of 129,200 square feet, resulting in a price per square foot of $526. The transaction took place on February 22, 2021. The buyer of the property is Laura Hines-Pierce, Christopher D. Hughes, Jeffrey C. Hines, C. Hastings (Hasty) Johnson & David L. Steinbach, represented by Hines Global. The seller is Crown Realty & Development.

Summary of transaction details:

• Property Type: R&D
• Transaction Amount: $68,000,000
• Address: 5301 Patrick Henry Drive, Santa Clara
• Market: Santa Clara
• Buyer: Laura Hines-Pierce, Christopher D. Hughes, Jeffrey C. Hines, C. Hastings (Hasty) Johnson & David L. Steinbach - Hines Global
• Seller: Crown Realty & Development

The buyer, Laura Hines-Pierce, Christopher D. Hughes, Jeffrey C. Hines, C. Hastings (Hasty) Johnson & David L. Steinbach, represented by Hines Global, acquired the R&D property. On the other hand, Crown Realty & Development acted as the seller in the transaction.