Joint venture gains space in Silicon Valley

A partnership between Westcore Vasona LLC and Longwing Real Estate Ventures LLC acquired Vasona Technology Park in Campbell, Calif.

The value of the transaction was $52.8 million.

The seven-building office/R&D park, which totals 307,000 square feet situated on 18.6 acres, is located at 200 - 264 East Hacienda Ave. and 1315 - 1357 Dell Ave.

At the time of sale, Vasona Technology Park was 90 percent leased to tenants, including Kaiser Foundation, Fujitsu and Santa Clara County Health Authority. The development was built in 1963 and 1981 and was rehabbed in 2000.

The seller was Legacy-RECP II Hacienda OPCO LLC a partner of Legacy Partners Commercial Inc.

CPS Corfac International represented both the buyer and the seller in the transaction.

San Diego-based Westcore Properties LLC is a private, entrepreneurial commercial real estate investment company.

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