DivcoWest and TMG Partners Acquire Silicon Valley Office for Over $108 Million

A joint venture between DivcoWest and TMG Partners has completed the purchase of a 190,000-square-foot office property in Silicon Valley for more than $108 million. Despite Google’s efforts to offload space, the building, leased by the tech giant, found a buyer. This acquisition occurs amidst fluctuating real estate values in the region, as evidenced by a Mountain View building being bought for over $100 million and a San Jose shopping center changing hands in a deal exceeding $90 million.