SAN JOSE, Calif. (January 21, 2014) – SRS Real Estate Partners announced today that Lawrence Commercial Center was sold to a group of private investors on Dec. 18, 2013 for $11 million. The 3.72-acre multi-tenant retail and office property is conveniently located along Lawrence Expressway at the entrance to Oakmead Business Park in Sunnyvale, Calif., which is considered one of Silicon Valley’s premier technology business parks. The center consists of three buildings totaling 42,926 square feet. St. John’s Bar & Grill, Tasty Subs & Pizza, Federal Express, Oakmead Dental, and Best Chiropractic Care Oakmead are among the 28 tenants occupying the space.
Bob Quigley with SRS Real Estate Partners along with Albert Wang of Alpha Investments and Property Management represented the seller, Cheng and Niemen Associates LP, in the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com/san-francisco.
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