LOS ANGELES – October 23, 2014 – An affiliate of WealthCap (Wealth Capital Management Inc.) has acquired a fully leased 55,956 square foot Class A, single-tenant office building in Mountain View, California. This investment is part of a separate account mandate in which CBRE Global Investors, one of the world’s largest real estate investment managers, is advising the German-based real assets investment leader on U.S. commercial real estate investments.
Completed in 2002, 303 Bryant is one of the newest deliveries in Mountain View. The three-story, steel-framed construction office building features 18,500 square foot rectangular floor plates with open office designs and high ceilings. The property includes a two-level subterranean parking garage and is adjacent to a five-level public parking garage, which provides additional parking for users and visitors.
Located in downtown Mountain View within walking distance to the Caltrain and VTA light rail stations, 303 Bryant offers excellent access to all parts of the Bay Area as well as excellent access to the extensive retail amenities nearby.
“Downtown Mountain View has benefited substantially from the employment growth of technology companies and is one of the most desirable venture capital submarkets in the U.S.,” said Paul Chapman, Portfolio Manager, CBRE Global Investors U.S. Managed Accounts Group. “To be competitive in attracting and retaining highly sought-after technology expertise, employers want locations that are rich in amenities such as restaurants, bars and access to transit. Downtown Mountain View offers all of that.”
CBRE Global Investors has seen significant growth in its separate accounts platform, which provides clients with more customization and control over how their capital is invested. In 2013, the firm raised $3.3 billion of capital for separate accounts, including $1.2 billion to be invested cross-border.
“With real estate experts around the globe, including on-the-ground experts in a client’s target investment markets, as well as in their home country who can facilitate communications, we are well-positioned to help clients migrate capital across borders in a seamless solution,” said Peter DiCorpo, President of the U.S. Managed Accounts Group.
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $92.8 billion in assets under management* as of June 30, 2014. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has approximately 44,000 employees in more than 350 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.