Avison Young Announces the $76.93 million off-market acquisition of a 225,000-square-foot office and R&D campus in Santa Clara, California.

Santa Clara, Calif. – Global commercial real estate advisor, Avison Young, has announced the off-market acquisition of Stadium Place, a three-building office and R&D campus located at 5200 Great America Parkway and 2903 and 2933 Bunker Hill Lane in Santa Clara, Calif. The approximately 225,000-square-foot property is situated on 9.6 acres and was acquired for $76.93 million. The seller was GA Parkway Property, LLC.

Avison Young Senior Vice Presidents Derek Cuschieri and Todd Campbell represented the buyer, Fabrinet, in the transaction.

Fabrinet (NYSE: FN) is a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services for original equipment manufacturers of complex products. The company maintains engineering and manufacturing operations in the United States and internationally.

5200 Great American Parkway has been vacant for more than eight years and the new ownership is planning to occupy the entire 128,540-sf building. The location is focused on helping nearby customers bring new products to market and will more than double Fabrinet’s Silicon Valley footprint. It will also support increasing demand for its new-product-introduction and related services. Fabrinet plans move-in for early 2027.

Cuschieri had been engaged by Fabrinet to secure a large block of space. He identified Stadium Place as an ideal Santa Clara location that met all their requirements and successfully negotiated an unsolicited offer with the seller.

“The Santa Clara market is highly attractive to manufacturing users due to its access to Silicon Valley Power. Because manufacturing operations typically have significant power requirements, the city's electricity rates are approximately 30% to 40% lower than PG&E's and provide substantial operating cost savings,” said Cuschieri.

Additionally, the Avison Young team of Derek Cuschieri and Todd Campbell has been retained to market approximately 55,000 square feet of available space within 2903 and 2933 Bunker Hill Lane. The team is already fielding interest in the available space.

Stadium Place features high-end outdoor areas, ample parking, office spaces, conference rooms, and access to public transportation and Highways 101 and 237 and Interstate 880. The campus is also walking distance to dining, retail, hospitality, and recreational amenities.