May 25, 2016
Newport Beach, CA-based KBS Strategic Opportunity REIT II acquired Lincoln Court, a 123,529-square-foot, Class A, three-story office building in Campbell, CA for $51.5 million. The non-traded REIT acquired the Silicon Valley asset from Washington, DC-based The Carlyle Group.
Lincoln Court is located at 2105 South Bascom Ave. and was recently renovated, including an updated lobby, interior finishes, and a courtyard with Wi-Fi, a fountain and several seating areas. The 98%-leased property offers a two-level parking structure, with 474 parking spots.
HFF’s Ben Bullock represented Carlyle in the acquisition transaction. Colliers International’s Susan Gregory and David Sandlin handled leasing for Lincoln Court.