Who is the Buyer of the Sobrato-BEA-Oracle Building at 488 N Almaden Blvd?

Word is a buyer has been picked by Oracle Corporation (NASDAQ:ORCL). BEA paid about about $335 psf ($130M) in 2007 for the 388,000 square foot tower. You can read more about the story of the tower in a previous post. If I had to guess, I’d say the building will trade for significantly less than what BEA paid for it. It’s going to take a serious piece of equity to buy this vacant building and tenant it up.

I’m going to make a prediction here and say that the buyer is going to pay around $260-270 psf ($100-$104M) for the tower. And since we’re making predictions, I’ll predict the buyer is either (in this order): Legacy Partners, Boston Properties, or Tishman Speyer.

Anybody else want to make a prediction?

Similar Posts:

• Oracle/BEA Tower On The Market
• Sobrato-Oracle Building at 488 N Almaden To Go Full Circle?
• Legacy Partners Buying Oracle/BEA/Sobrato Tower at 488 Almaden?
• Possibly Brilliant Timing for Buyer of Oracle/Sobrato Tower; PWC Possibly on the Hunt
• KT Properties Picks Up 1 S Market in Downtown San Jose

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