CarrAmerica expands in Silicon Valley

Buys five office/R&D buildings

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

CarrAmerica Realty Corp. acquired five buildings in the Corporate Technology Centre in North San Jose, Calif. CarrAmerica paid $43.8 million for the office/R&D properties, which total 331,950 square feet. CarrAmerica will also assume management and leasing of the buildings. The five-building portfolio, which was 42 percent leased at the time of sale, was completed in 1999. CarrAmerica owns, develops and operates office properties in 13 markets throughout the United States. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....