Spear Street Picks Up Murphy Ranch Tech Park
June 10, 2009
Spear Street Capital closed escrow on May 27 on Murphy Ranch Technology Park in Milpitas. The 363,000 SF business park is fully leased and home to the headquarters of Phoenix Technologies and Intersil, as well as Avaya. The buildings are two-story steel frame.
Late last year, Avaya decided to shed the ~140,000 SF it occupies within [...]
Nortel Fire Sale to Nokia, Avaya, Siemens
April 10, 2009
Santa Clara’s Nortel Networks (NT: 0.32 0.00%) has received bids for some of its different business units. A JV of Nokia/Siemens is after its wireless unit, and Siemens and Avaya are after its corporate networks. If these two sales go through, Nortel will presumabely survive, though it will be a much smaller company.
Read More >>Avaya Brings Online 140,000 Square Feet of R&D and Office Space For Sublease in Milpitas
December 11, 2008
Avaya has put up for sublease approximately 140,000 square feet of office and R&D space in Milpitas. The 140,000 square feet is spread across two buildings, is Plug N’ Play with furniture, and has an asking rent of $1.25 NNN. The sublease runs through March 2012. The buildings are directly across from Cisco’s 410,000 square [...]
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