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.
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