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Symantec Sells Cupertino Buildings to Walton Street

January 7, 2010

Cupertino-based Symantec (SYMC: 22.74 -0.22%) 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.

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Categories: Commercial Real Estate Investing | Market Data | Notable Deals
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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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