Blackstone Purchasing Roku-Leased Coleman Highline Buildings for $275M

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An associate of New York-based Blackstone Group Inc. is obtaining two structures in San Jose’s Coleman Highline office complicated, supposedly for about $275 million. The buildings are rented to Roku Ink., an electronic content streaming gadget maker.

The take care of Blackstone’s nontraded REIT, BREIT, exercises to concerning $770-per-square-foot for the possessions. The Coleman Highline building is being created by Hunter Storm and also is near a Caltrain station as well as Major League Football’s Earthquakes Arena.

It is the exact same 1.75-million-square-foot mixed-use office, retail, hotel, and also restaurant complex at 1125 Coleman Ave. where Roku claimed 730,000 square feet of area at last year for its home office. Verizon additionally leased 650,000 square feet at the eight-building job.

CBRE’s Mike Charters, Jeff Houston and Mike Benevento manage leasing for Coleman Highline.

* Picture thanks to Hunter Residences

Get in touch with Blackstone’s BREIT

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Connect With CBRE’s Charters

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