CarrAmerica Realty Corp. purchased an 85,585-square-foot office building in San Jose, Calif.

The value of the transaction was $10.3 million.

NetIQ Corp. sold the property, which is located at 3553 North First St.

Completed in 1984, the property is 60 percent one-story and 40 percent two-story, with 10- to 15-foot ceiling heights.

The asset features tennis, bocce and basketball courts, a fitness center, a cafe, and an outside patio with a built-in barbeque, according to a press statement.

In Northern California, CarrAmerica now owns, directly or through joint ventures, interests in 89 office and R&D buildings containing 6.9 million square feet. It owns, develops and operates office properties in 12 markets throughout the United States.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Announcing Inman Connect Now, our first fully digital event.Get Tickets×