800,000 square feet
In May 2017, a joint venture between Strada Investment Group and a global real estate private equity firm acquired a 140-acre corporate campus from Hewlett Packard Enterprise Company. The campus encompasses five buildings with a total of nearly 800,000 square feet of office space. As part of the acquisition, Strada negotiated a long-term leaseback with HPE for material portion of the campus. The venture’s business plan entails repositioning to portion that HP will vacate and marketing to new users.