Vista Grows Silicon Valley Footprint With $113M Purchase
ByVista Investment Group, a Santa Monica, Calif.-based privately held real estate investment firm, expanded its Silicon Valley holdings with the acquisition of Vasona Technology Park, a 314,256-square-foot complex in Campbell, Calif., for $113 million. An unidentified institutional money management firm teamed with Vista in a joint venture on the transaction.
The property, developed between 1963 and 1981, has seven one- and two-story office and R&D buildings ranging in size from 16,000 to 74,000 square feet. The asset is located on an 18.5-acre site, bordered by Winchester Boulevard, East Hacienda Avenue and Dell Avenue in the Los Gatos submarket. Vista plans to create value by continuing to reposition the older buildings in the project to a more creative office standard and leverage off of the expansive campus setting, one of the largest contiguous land sites in the area, according to Vista President Jonathan Barach…
