Investor purchases Fujitsu Campus in Sunnyvale for $104M

SAN FRANCISCO, November 2, 2020 – JLL announced today that it has closed the $104 million sale of The Fujitsu Campus, a six-building, office and R&D campus totaling 313,740 square feet in Sunnyvale, California. 

JLL represented the seller, WJFS, and procured the buyer, Lane Partners. 

The Fujitsu Campus consists of one- and two-story buildings at 1230, 1240, 1250, 1260, 1270 and 1280 East Arques Avenue. Positioned on 26.27 acres, the campus is immediately adjacent to the Central Expressway and close to US-101 and the Lawrence Caltrain Station providing tenants with connectivity throughout Silicon Valley and the Bay Area. Additionally, the property is next to The Lawrence Station Area Plan, which encompasses 629 acres of development to include thousands of new housing units, retail amenities and outdoor recreational areas.

Serving as Fujitsu’s headquarters since completion in 1974, the campus offers a rare repositioning opportunity as Fujitsu phases out of the campus and relocates to their owned facility at 350 Cobalt Way.

JLL’s Capital Markets and Markets team members representing the seller included Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell and Toss Vallentine.  The JLL Debt team lead by Jordan Angel is working with the sponsor to secure acquisition financing on the asset.

“The redevelopment potential of this campus is unmatched in the immediate area,” Connors said. “Silicon Valley continues to see economic growth fueled by consumer appetite for social and mobile products as well as ‘cloud-based’ services, which translates to a positive outlook for the area with projected GDP growth in Silicon Valley expected to reach over 10% in 2021.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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