The Sunnyvale Sun

Big investors grab Symantec Mountain View buildings

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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.

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