{"id":8118,"date":"2026-08-31T20:08:10","date_gmt":"2026-08-31T20:08:10","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=8118"},"modified":"2026-08-31T20:08:10","modified_gmt":"2026-08-31T20:08:10","slug":"nyc-investors-grab-silicon-valley-tech-building-for-300-million-plus","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=8118","title":{"rendered":"NYC investors grab Silicon Valley tech building for $300 million-plus"},"content":{"rendered":"
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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

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New York-based Bluerock 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

Hewlett Packard Enterprise (HPE) bought Juniper Networks in July 2025 for $14 billion, a deal that made Juniper a subsidiary of HPE.<\/p>\n

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

HPE still owns an adjacent office building at 1137 Innovation in the wake of the transaction, HPE spokesperson Adam Bauer said.<\/p>\n

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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

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

Bluerock obtained $310 million in financing from a group headed up by Wilmington Trust, county records show.<\/p>\n

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HPE also occupies a large office site in north San Jose\u2019s Alviso district.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A tech company’s office building in Sunnyvale has been bought for more than $300 million by investors from New York City in a sign of confidence in the Silicon Valley economy.<\/p>\n","protected":false},"author":1,"featured_media":8117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nNYC investors grab Silicon Valley tech building for $300 million-plus - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=8118\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NYC investors grab Silicon Valley tech building for $300 million-plus - 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