Equus Nabs 106 KSF Silicon Valley Office Portfolio

By Laura Calugar

The Walsh at Bowers in Santa Clara, Calif.

Santa Clara, Calif.—Equus Capital Partners Ltd. recently announced that an affiliate acquired Walsh Bowers, a two-building Class-B office/R&D portfolio totaling 106,500 square-feet. The company purchased the asset from Swift Real Estate Partners for $32 million in a transaction in which Cushman & Wakefield represented the seller. The acquisition was made on behalf of Equus Investment Partnership X LP, a $361 million discretionary equity fund managed by Equus.

Located at 2400 Walsh Ave., Walsh Bowers is less than 1 mile from Silicon Valley’s “Golden Triangle”, bordered by Highway 101, Interstate 880 and California State Route 237. The property is also approximately 5 miles from the Mineta San Jose International Airport and close to executive housing and amenities, including the Santa Clara Convention Center, Levi’s Stadium, restaurants and hotels.

Walsh Bowers is comprised of two individually subdivided parcels totaling 6.3 acres. The buildings were built in 1975 and 1980, respectively, and were 100 percent leased at the time of acquisition. According to Yardi Matrix data, the property is part of a larger site that encompasses 251,061 square feet of rentable office space in five buildings.

At the beginning of this year, the same affiliate of Equus purchased two other office buildings in metro Seattle.

Image courtesy of Yardi Matrix