Boston investor purchases Northern California property

Santa Clara deal valued at $53 million

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Eaton Vance Management's real estate investment group announced today that it has acquired a Santa Clara, Calif., building with a value of approximately $53 million, on behalf of investment funds that it manages. The investment is an office/research and development building situated on 14.51 acres in the San Francisco Bay Area approximately 10 minutes from the San Jose International Airport. The 218,366-square-foot property is currently leased on a long-term basis to a pharmaceutical and medical research company. Eaton Vance Management is a wholly-owned subsidiary of Eaton Vance Corp. Eaton Vance Corp., a Boston-based investment management firm. *** What's your opinion? Leave your comments below or send a letter to the editor. ...