Cushman & Wakefield’s National Office Investment Advisory Group has been exclusively retained by Hewlett Packard Enterprise (“HPE”) to present the opportunity to acquire the fee simple interest in Sunnyvale Innovation Park (the “Property”), a ±64.05-acre parcel that includes a 319,192-square-foot Class A office and laboratory building (“1137 Innovation Way”), a 5-story parking structure, and ±53 acres of fully entitled development land in the heart of Sunnyvale, California.

Sunnyvale Innovation Park includes one of Silicon Valley’s highest-quality office and R&D assets (1137 Innovation Way), featuring 4,000 amps of electrical service, reinforced laboratory floor loads, and existing laboratory improvements capable of accommodating today’s high-power technology, AI, and semiconductor users. Beyond the existing improvements, the offering includes approximately ±53 acres of entitled development land with an approved master plan allowing for approximately 1.42 million square feet of future office/R&D and hotel development, as well as two structured parking facilities totaling approximately 3,680 stalls.

The offering presents a compelling opportunity to acquire an irreplaceable Silicon Valley site with multiple paths to value creation. HPE will execute a 116,230 square foot lease featuring a blend of long-term (10-year) and short-term (1-3 year) commitments, providing contractual cash flow while allowing new ownership the flexibility to pursue a leasing and repositioning strategy and unlock significant value through the phased development of Sunnyvale’s last remaining institutional-scale development site.