CarrAmerica expands in Silicon Valley

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.

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