CarrAmerica buys Silicon Valley tower

CarrAmerica Realty Corp. acquired a 282,080-square-foot office tower in Santa Clara, Calif.

The value of the transaction was $129.7 million.

Mission Towers I is a 12-story, class A building located at 3975 Freedom Circle. It was built in 2000.

At the time of sale, the property was 100 percent leased to Sun Microsystems and PMC-Sierra through October 2011.

CarrAmerica owns, develops and operates office properties in 12 markets throughout the United States.

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