Rockwood Capital has acquired 301-381 E. Evelyn Avenue, a five-building office campus near downtown Mountain View.
The 17-acre property is one of only a few large-scale office campuses in Silicon Valley where employees can walk or bike to Caltrain and retail amenities. The property is walking distance to downtown Mountain View’s Caltrain station and the Evelyn VTA light rail station, and it provides direct access to the adjacent CA-237 freeway.
Centrally located on the campus is a large landscaped area for tenants to eat, play, and work outdoors. The property also has basketball and volleyball courts, showers, and easy access to the nearby Stevens Creek Trail. Currently, the campus has several tenants, including Mozilla and Coursera, and it was previously occupied as a single tenant campus. Over time, Rockwood anticipates enhancing the campus to add to the appeal of the property.
Jason Oberman, director at Rockwood Capital, said, “A key foundation of our investment strategy is acquiring and enhancing properties in evolving locations which benefit from close proximity to public transit and surrounding mixed-use amenities. This comes from our belief that these well located properties can help support healthy living, a higher quality of life, and environmental sustainability.”
The seller, a global investment manager, was represented by the Eastdil Secured team of Greg Cioth, Andy Zighelboim, Edmund Najera, Nate Jones, and Tommy Kim.