- 0
- 197 words
SUNNYVALE — Medical device and technology company Intuitive Surgical sold a Sunnyvale research and office building it plans to vacate for well above its assessed value, documents filed on Nov. 4 in Santa Clara County show.
Bay Area real estate firm Graymark Capital led an affiliated group that paid about $35.8 million for the building at 1450 Kifer Road, documents show, more than double the property’s $17.7 million assessed value.
The building totals 78,200 square feet, according to a marketing brochure prepared by Cushman & Wakefield commercial real estate executives Scott Prosser, Jack DePuy, Seth Siegel, Ryan Venezia and Courtney Trunnell.
Intuitive Surgical bought the building in 2008 and had occupied it since then.
The tech company in recent years has launched a shopping spree for South Bay properties.
From 2017 through 2023, Intuitive Surgical spent $271 million to collect an array of buildings in Sunnyvale and Santa Clara, even as the company developed a new campus totaling 1.17 million square feet at 950 Kifer Road in Sunnyvale.
In March, Intuitive Surgical trimmed its South Bay real estate holdings with a $47 million sale of seven parcels across the street from the Sunnyvale headquarters of cybersecurity company Fortinet.
Sunnyvale-based Intuitive Surgical’s products include a cutting-edge surgical robot.
Author
adspopofficial@gmail.com
Related posts
How IAM users sign in to AWS – AWS Identity and Access Management
- 0
- 598 words
To sign in to the AWS Management Console as an IAM user, you must enter your user ID or account alias. When...
Read out all
Bambu Lab’s H3C Announced Today Is a Powerhouse
- 0
- 1,398 word
Bambu Lab H3C Multi-nozzle printing to the max Pros & Cons Large build area allows you to maximize the nine tool heads...
Read out allStop using Feedly: I found 2 better RSS reader apps on Android
- 0
- 1,316 word
Khamosh Pathak / Android Authority Add Android Authority on Google: Almost every morning plays out the same in my home. Eggs for...
Read out all
Nothing to launch its first AI-native product next month, says CEO Carl Pei
- 0
- 165 words
Consumer technology company Nothing will launch its first artificial intelligence (AI)-native product next month, CEO Carl Pei has announced, while arguing that...
Read out all
St. John’s University claims New York college violated trademark
- 0
- 386 words
College of St. Benedict and St. John’s University filed a lawsuit in the U.S. District Court of Minnesota Nov. 4 against St....
Read out all
Cloudflare, Datadog, Elastic, Palantir Technologies, and Zscaler shares are falling, what you need to know — TradingView News
- 0
- 378 words
What happened? A number of stocks fell in the morning session as Democratic victories in the U.S. midterm elections continued to fuel...
Read out all