SAN JOSE, Calif. (July 7, 2015) – SRS Real Estate Partners (SRS) announced today that it brokered the sale of a 7,782-square-foot freestanding retail building situated on 1.25 acres in Sunnyvale, Calif. Located at 725 S. Fair Oaks Ave., the former Arka Indian Restaurant sits on a highly visible corner at El Camino Real with many retailers nearby, including In-N-Out Burger across the street and a new nearby Marriott Courtyard, whose land was also previously brokered by SRS. The property will be developed into a hotel to serve the needs of the surrounding Silicon Valley community.
Randol Mackley and Bruce Frazer with SRS Real Estate Partners represented the buyer in the transaction, which closed July 1, 2015. Randol Mackley and Bob Quigley, also with SRS, represented the seller, SVK Capital, LLC. Mackley and Quigley also brokered the sale of the subject property in 2010, and in 2013 Mackley and Frazer brokered the sale of the Marriott Courtyard site referenced above.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America 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.
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