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.


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