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BGO Acquires 377,000 SQFT Rio Tech R&D Campus in San Jose for $164.3MM from Washington Holdings
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BGO Acquires 377,000 SQFT Rio Tech R&D Campus in San Jose for $164.3MM from Washington Holdings
The Sun Life Financial affiliate purchased the seven-building campus at a 3.3 percent discount to Washington Holdings’ 2021 acquisition price and a significant premium to broader Silicon Valley R&D pricing, reflecting the property’s credit tenancy and contractual rent base of approximately $100 million annually. BGO, the global real estate investment management arm of Sun Life […] The post BGO Acquires 377,000 SQFT Rio Tech R&D Campus in San Jos…
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