Symantec Sells Cupertino Buildings to Walton Street

Cupertino-based Symantec (SYMC: 22.85 -0.91%) has finally closed on the sale of it’s 300,000 square foot building at 20300-20330 Stevens Creek in Cupertino.

We first announced the plan by Symantec to sell off its remaining Cupertino assets back in March of 2009.

The 20300-20330 buildings began being marketed during the summer and went into escrow with Mission West Properties who was looking for a tenant to fill the buildings. After unsuccessful attempts to land the tenant, they backed out of the deal. That’s when Walton Street Capital moved in.

The price is right around $44M, or around $146 psf.

Similar Posts:

• Symantec Ditching Cupertino?
• Symantec Taking Down Whisman Campus
• Symantec Announces Layoffs; 5% Cut Expected
• RREEF and Snell Default on Torre Plaza in Cupertino
• Cupertino Landing Lease in the Works

Comments

John R. Carlisle January 8, 2010

Walton Street has been stockpiling cash and I expect them to start acquiring a large number of commercial properties in the United States.

John R. Carlisle

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