Mission-critical R&D facility in Silicon Valley hits the market
JLL Capital Markets is representing GI Partners in the sale of the fully leased 825 Stewart Dr. in Sunnyvale, California
SILICON VALLEY, May 4, 2023 – JLL Capital Markets announced today that it has been named to market for sale 825 Stewart Dr., a mission-critical, fully leased R&D facility totaling 75,350 square feet in Sunnyvale, California.
JLL is marketing the property on behalf of the seller, GI Partners.
Most recently renovated in 2015, 825 Stewart Dr. is 100% leased to an American multinational technology company, which has also invested significant capital into the building infrastructure. The two-story property offers highly specialized lab improvements and 242 surface parking spaces.
The facility is positioned on 4.3 acres just minutes from the tenant’s larger Cupertino headquarters in Silicon Valley. 825 Stewart Dr. offers superior access throughout the San Francisco Bay Area being located close to the Central and Lawrence Expressways and Highways 237 and 101. Additionally, the property is less than two miles from the Sunnyvale Caltrain station and the Lawrence Caltrain station. Sunnyvale is close to many of the area’s executive housing communities, including Los Altos Hills, Woodside, Hillsborough, Atherton and Palo Alto.
The JLL Capital Markets team representing GI Partners is led by Will Connors, Daniel Renz, Michael Manas, Cheri Pierce, Kendall Willet and Aisling Duffy.
“825 Stewart is a tremendous opportunity to acquire a highly specialized facility occupied by one of the world’s largest technology companies in one of the most diverse tech economies in the country,” Connors said.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About GI Partners
Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $40 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services, and software sectors. The real estate team focuses primarily on technology and life sciences properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. For more information, please visit gipartners.com.