Vista Investment Group acquires Silicon Valley office campus

Vista Investment Group, a real estate investment firm, has acquired Silicon Valley-based Vasona Technology Park, an office campus, for $113 million. Vista Investment Group made the acquisition with an unnamed institutional money management firm.


Santa Monica, CA (January 10, 2018) – In one of the largest real estate investment transactions in Silicon Valley in 2017, Vista Investment Group in joint venture with an institutional money management firm, has acquired the 314,256-square-foot Vasona Technology Park in Campbell, CA for $113 million.

Vasona Technology Park features seven freestanding one- and two-story office and R&D buildings ranging in size from 16,000 – 74,000 square feet. Developed in 1963 and 1981, Vasona Technology Park is located on an 18.5-acre site bordered by Winchester Blvd., E Hacienda Ave. and Dell Ave.
Vista Investment Group’s most recent Silicon Valley acquisition offers the Santa Monica, CA-based real estate investment firm the opportunity to create value by continuing to reposition the older buildings in the project to a more creative office standard and leverage off of the expansive campus setting, one of the largest contiguous land sites in the area, according to Vista Investment Group President Jonathan Barach.

“This is our fourth, and probably most exciting project in the Silicon Valley,” said Barach. “The property is anchored by investment-grade tenants with long-term leases, and will benefit from both interior and exterior improvements, which we will implement as leases expire over the next several years. We will work immediately to improve the outdoor common areas with the creation of large collaborative work, dining and recreation spaces throughout the campus. The campus is located in one of the most supply-constrained sub-markets in Silicon Valley, proximate to highly desirable executive housing in the neighborhoods of Los Gatos, Saratoga and Monte Sereno.”

Vasona Technology Park was 100% leased at closing. Tenants include the Kaiser Foundation Health Plan and ChargePoint.

The acquisition of Vasona Technology Park brings Vista Investment Group’s Silicon Valley office portfolio to more than 673,000 square feet. Its other assets, located in nearby San Jose, are 100% percent leased to a variety of semiconductor, optics, life sciences and wireless companies including Broadcom, Thinfilm, BioNex, Oclaro and O-Net Communications.

Vista’s acquisition of the Vasona Technology Park was one of the largest real estate investment transactions in Silicon Valley R&D in 2017.

“The Silicon Valley market experienced a strong second half of 2017 after a relatively slow start to the year,” said Eric Fox of Cushman & Wakefield’s Northern California Capital Markets Team, who marketed the property on behalf of the seller. “Investor optimism and tenant growth have returned to the marketplace.”

About Vista Investment Group
Vista Investment Group, LLC ( is a privately held real estate investment firm engaged in the acquisition and active management of commercial real estate in the western United States. Established in 2008, and headquartered in Santa Monica, CA, the company focuses on value-add and opportunistic strategies in the multifamily, mixed-use and office sectors. Vista’s portfolio, primarily located in urban infill markets within California and the Pacific Northwest, includes approximately 1,200 multifamily units and 1 million square feet of office space.