Country for PR: United States
Contributor: PR Newswire New York
Wednesday, May 15 2019 - 05:16
Gemini Rosemont acquires Silicon Valley four-building office campus
LOS ANGELES, May 15, 2019 /PRNewswire-AsiaNet/ --

 -- Fully leased Central Technology Park adds 386,707 square feet in epicenter 
of world's technology sector 

Gemini Rosemont Commercial Real Estate, a leading real estate investment 
company with holdings of over 8.3 million square feet of commercial office 
space, has acquired Central Technology Park, a four-building office campus in 
Santa Clara, Calif. 

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The acquisition of the $175 million Class A asset adds 368,707 square feet to 
the company's 36 property office portfolio. 

"The addition of Central Technology Park to our portfolio underscores our 
ongoing investment strategy to acquire Class A office assets in targeted U.S. 
locations, which include Silicon Valley," said Ian Brownlow, Chief Executive 
Officer for Gemini Rosemont. "The commitment to the area by the world's 
technology community coupled with the institutional quality, fully-leased 
multi-building campus, makes Central Technology Park an extremely attractive 

Central Technology Park is located at 3380-3420 Central Expressway and is 
currently 100 percent leased. Tenants include Cloudinary, Intuitive Surgical, 
Inc., ThermoFisher Scientific Inc., and Nissan. 

The Central Tech campus, built between 1980 and 1987, has recently undergone a 
renovation of 90 percent of its square footage. The property has superior 
regional access via US 101, CA-237 and the Central, Lawrence and San Tomas 
Expressways. The campus is less than a mile from the Lawrence Caltrain station 
and just 10 minutes away from San Jose International Airport. Additionally, 
Central Technology park resides within the Lawrence Station Area Plan, which 
allows for high density residential housing and will transform the area into a 
live/work/play environment.

Gemini Rosemont's Jason Kuester, Senior Managing Director - Acquisitions, and 
Jeremy Wustman, Vice President, led the acquisition of the property, while 
Eastdil Secured, led by Greg Cioth, Managing Director and Nate Jones, Senior 
Vice President, represented the seller.

About Gemini Rosemont Commercial Real Estate

Gemini Rosemont Commercial Real Estate is a market leader in commercial real 
estate acquisition and asset management. The company's portfolio totals over 
8.3 million square feet with a gross asset value of over $1.5 billion.

Since its inception, Gemini Rosemont has sponsored 170 investment vehicles, 
deployed approximately $1.2 billion of equity to purchase in excess of $3 
billion of assets, and has acquired and/or managed approximately 34 million 
square feet of commercial real estate.

Through sponsorship from Gemini Investments Holdings, Ltd., an investment 
company listed on the Hong Kong Stock Exchange, the company has acquired 
approximately $600 million in Class A office buildings in technology-centric 
gateway markets representing over 1.3 million square feet.

Founded in 1992, Gemini Rosemont employs 135 real estate and other 
professionals. The company is headquartered in Los Angeles and has offices 
located in Dallas, Denver, Houston, New York, Santa Fe, and Seattle. For more 
information, please visit or contact Jon Dishell, Chief 
Business Development Officer, at

SOURCE: Gemini Rosemont Commercial Real Estate   

CONTACT: Jeanne Hasenmiller, +1 (602) 714-9338,