Tidewater extends buying spree with three Sunnyvale office buildings

Excerpt from the Real Deal website: Tidewater Capital has expanded its real estate portfolio by acquiring three office buildings in Sunnyvale for $65 million. This acquisition is part of a broader investment spree in Silicon Valley, following a $100 million deal involving seven nearby properties. The newly acquired Sunnyvale Business Center spans 175,000 square feet and hosts various tech companies, including Illumio. Tidewater secured a $75 million loan for this purchase, demonstrating its strategic interest in the region despite a challenging office market. The deal was facilitated by Maxim Capital Group.

Read the full article here: https://therealdeal.com/sanfrancisco/2024/09/27/tidewater-extends-buying-spree-with-sunnyvale-offices/