Newmark Capital Markets has arranged the $225.5 million sale of HQ @first, a state-of-the art, three-building creative office tower property totaling 561,465 square feet located at 110, 120 and 130 Holger Way in San Jose.
Newmark Capital Markets Vice Chairman Steven Golubchik, Executive Managing Director Edmund Najera and Associate David Hosler of the office team in San Francisco executed the sale on behalf of the seller, Broadcom, as part of Broadcom’s acquisition of Brocade. The property was purchased by Lane Partners, an active Bay Area real estate investor based out of Menlo Park.
Built in 2010, the Class A property is situated on just under 10 acres at the intersection of Highway 237 and North First Street in the heart of Silicon Valley. The LEED Gold certified project features a campus environment with landscaped paths, natural light, views of the bay and hills, outdoor BBQ and patio areas, basketball court, top-of-the-line fitness center and locker rooms, a game room, an expansive executive business center and a 300-plus seat cafeteria.
“HQ @first is one of Silicon Valley’s most iconic campuses and, until recently, had never been available for purchase or lease,” said Golubchik. “Lane Partners demonstrated an exceptional amount of commitment to the deal which ultimately resulted in an expeditious and smooth closing process for our client.”
The combination of HQ @first’s central location at the intersection of Highway 237 and North 1st Street, along with the 10-plus building-top and driver-level signs, provide future tenants with the unparalleled opportunity to brand this iconic campus as their own along one of Silicon Valley’s most trafficked corridors. The property offers immediate access to restaurants, retail and hotels and is located within the @first retail center just steps away.
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing, corporate advisory services, consulting, project and development management, property and corporate facilities management services, valuation and advisory services, and capital markets services provided through its Newmark Capital Markets brand. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.