HCP Selling Google-Occupied Silicon Valley Campus for $1B

HCP

Irvine, CA-based HCP is under contract to divest Shoreline Technology Center in Mountain View, CA for $1 billion. The disposition of the roughly 800,000-square-foot asset is expected to generate a gain on sale of approximately $700 million upon closing in Q4 2018.

The 12-building campus is located along Stierlin Ct., and is 92% occupied by Google. The buyer was undisclosed.

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