TIAA-CREF Punches Ticket for Castro Station

HFF recently handled the marketing and sale of a Mountain View office asset.

By Alex Girda, Associate Editor

TIAA-CREF’s has added a three-building Class A office asset in Mountain View to its portfolio. SFF Realty Fund sold the property to the financial services company for an undisclosed amount.

Known as Castro Station, the 115,000-square-foot office property is located at 100, 150 and 200 West Evelyn Ave. The complex also offers 362 parking spaces in a three-level underground structure.

Steven Golubchik, Senior Managing Director with HFF
Steven Golubchik, Senior Managing Director with HFF

The buildings at 100 and 200 West Evelyn were developed 15 years ago, while the 49,000-square-foot 150 West Evelyn was completed only last year. Castro Station is 100 percent occupied, and its tenant roster consists of nine tech-related companies.

The deal was brokered by an HFF team consisting of Steven Golubchik, a senior managing director; Michael Leggett, co-head of HFF’s national office investment sales platform; and Ben Bullock, a director at the firm. SFF Realty was advised by PSAI Realty Partners.

With proximity to the Mountain View Baby Bullet Caltrain Station, as well as access to the 101, 82, 85, and 237 highways, Castro Station offers an attractive setting in Mountain View’s core. Also nearby are such points of interest as Stanford University, HP, Google, LinkedIn and Amazon. The four-acre site is located at the corner of Central Expressway and Highway 85.

Image courtesy of HFF.