{"id":334026,"date":"2026-08-31T18:18:09","date_gmt":"2026-08-31T18:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/334026\/"},"modified":"2026-08-31T18:18:09","modified_gmt":"2026-08-31T18:18:09","slug":"nyc-investors-grab-silicon-valley-tech-building-for-300-million-plus","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/334026\/","title":{"rendered":"NYC investors grab Silicon Valley tech building for $300 million-plus"},"content":{"rendered":"<p>SUNNYVALE \u2014 A tech company\u2019s office building in Sunnyvale was bought for more than $300 million by investors from New York City, documents show.<\/p>\n<p><a href=\"https:\/\/bluerock.com\/company\/about-bluerock\/\" rel=\"nofollow noopener\" target=\"_blank\">New York-based Bluerock<\/a> paid $330.8 million for an office hub at 1133 Innovation Way, which had been the long-time headquarters of Juniper Networks, documents filed on Aug. 28 with the Santa Clara County Recorder\u2019s Office show.<\/p>\n<p>Hewlett Packard Enterprise (HPE) <a href=\"https:\/\/www.hpe.com\/us\/en\/newsroom\/press-release\/2025\/07\/hewlett-packard-enterprise-closes-acquisition-of-juniper-networks-to-offer-industry-leading-comprehensive-cloud-native-ai-driven-portfolio.html\" rel=\"nofollow noopener\" target=\"_blank\">bought Juniper Networks<\/a> in July 2025 for $14 billion, a deal that made Juniper a subsidiary of HPE.<\/p>\n<p>A group led by HPE sold the 1133 Innovation office building to a Bluerock affiliate. HPE said the deal is a sale-leaseback agreement whereby HPE will continue to rent the 1133 Innovation office site.<\/p>\n<p>HPE still owns an adjacent office building at 1137 Innovation in the wake of the transaction, HPE spokesperson Adam Bauer said.<\/p>\n<p>The Sunnyvale acquisition will allow HPE to occupy the 1133 Innovation office building for at least two more decades due to the rental agreement signed with Bluerock.<\/p>\n<p>The lease lasts until at least 2047, county documents show. The rental agreement also allows HPE to sign a series of extensions that could add another 14 years.<\/p>\n<p>Bluerock obtained $310 million in financing from a group headed up by Wilmington Trust, county records show.<\/p>\n<p>HPE also occupies a large office site in north San Jose\u2019s Alviso district.<\/p>\n","protected":false},"excerpt":{"rendered":"SUNNYVALE \u2014 A tech company\u2019s office building in Sunnyvale was bought for more than $300 million by investors&hellip;\n","protected":false},"author":2,"featured_media":334027,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[125592,9213,288,2136,14958,1489,2184,3365,37419,85,9,12,125593,56,63,65,64,3273,1491,9214,9215,77314,9216,117599,282],"class_list":["post-334026","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-alviso","tag-bay-area","tag-business","tag-california","tag-california-news","tag-commercial-real-estate","tag-development","tag-economy","tag-keywee","tag-latest-headlines","tag-new-york","tag-news","tag-north-san-jose","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-office-buildings","tag-real-estate","tag-san-jose","tag-santa-clara-county","tag-social-alert","tag-south-bay","tag-sunnyvale","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/334026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=334026"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/334026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/334027"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=334026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=334026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=334026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}