South Bay Tech Center, a six-building, 161,700-square-foot office/R&D property in Milpitas, Calif., has changed hands for $35.3 million, Santa Clara County records show. The buyer was Intelli LLC, an entity affiliated with Vien Thao Media. The San Jose-based firm financed the acquisition with a $21.2 million loan from Cathay Bank. The seller was an entity affiliated with Benlin Properties.
For the full story, go to Commercial Property Executive.
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