Cantor Fitzgerald Income Trust new owner of Class A office campus fully leased to Apple
“This transaction not only underscores the strength of Apple’s credit, but further demonstrates the desirability of investing in high-growth science and technology markets which are leading the economy out of the pandemic,” said Zighelboim.
Nestled in the epicenter of the Silicon Valley, the 2-building project offers large, flexible floorplates that are ideal for large-scale technology companies in addition to generous subterranean parking options. Apple invested significantly into the property since signing their lease in 2016.
“With most of the investor-owned properties leased to Apple trading during the recent cycle, and very little development within the immediate submarket in the pipeline, few opportunities like De Anza Plaza are likely to become available in the near term,” added Zighelboim.
The property’s location at the intersection of the area’s two main thoroughfares, De Anza and Stevens Creek Boulevard, is irreplaceable and allows for unmatched accessibility to Apple’s headquarters, Interstate 280 and Highway 85. Campuses of leading technology companies surround the property in nearby Sunnyvale, Mountain View and Cupertino.
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