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