January 9, 2017
Cavium, Inc. sold the former HQ of its wholly-owned subsidiary, QLogic, in Aliso Viejo, CA for $36 million. The buyer was a joint-venture between Irvine, CA-based Stillwater Investment Group, and Boston-based CrossHarbor Capital Partners.
The three-building Aliso Viejo campus was built in 2000 and encompasses 161,000 square feet of space. The buyer plans to improve the project and market it to large users in search of a campus environment.
NGKF’s Byron Foss and Greg Tippin represented the seller. The buyer was self-represented.
Foss says, “Stillwater’s acquisition of the former QLogic campus in Aliso Viejo highlights the continual demand for institutional quality assets in Orange County.”
Cavium leased a 4-story, 100,000-square-foot building at Irvine Company’s Sand Canyon Business Center campus in Irvine Spectrum, and plans to relocate QLogic’s operations there this summer.
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