Big investors grab Symantec Mountain View buildings
county documents show. That loan matures in April 2024. The lender is an entity called Parlex 2A Finco, which is a unit of Blackstone Mortgage Trust, a real estate financier.
In light of the just-completed purchase, it now appears that any property sales involving the portfolio would occur in a piecemeal fashion and not involve all 10 buildings simultaneously.
Google occupies multiple buildings next to the properties that were put up for sale. The search giant’s proximity to the buildings that went on the market made it a candidate to purchase one or more of the sites.
The remaining eight buildings in the original sales package are clustered into two groups:
• a five-building cluster at 350 Ellis St. that is described as the headquarters campus and totals 428,000 square feet.
• a complex at 455, 487, and 501 E. Middlefield Road, which contains older office and research buildings, as well as a data center. These three buildings total 128,000 square feet.
“It is a strong preference of the seller for one buyer to acquire the entire portfolio,” the Cushman & Wakefield brochure stated. However, the offering package also stated “Individual offers on the various components may be considered.”
Symantec, which was founded in 1982 in Sunnyvale, had maintained its headquarters in Mountain View for years.
According to a Securities and Exchange Commission filing, the company’s headquarters were still deemed to be in Mountain View as of the end of August 2019.
However, by November 2019, the company’s headquarters were listed as being in Tempe, Ariz., an SEC filing disclosed. During that same month, NortonLifeLock became the official name of the company.