Big Silicon Valley building that could be tech center lands buyer

MILPITAS — A big building in Milpitas that’s suitable for tech or life sciences operations has been bought by a veteran real estate firm from Chicago.

GEM Realty Capital paid $32.8 million for a building at 275 Hillview Drive in Milpitas, according to documents filed on June 17 with the Santa Clara County Recorder’s Office.

Analog Devices, a tech company, sold the building, the county documents show.

Chicago-based GEM Realty Capital, the new owner, is working with San Francisco-based real estate firm Cannae Partners on the property’s future, according to the public records.

Cushman & Wakefield, a commercial real estate firm, was handling the sales efforts for the building, a

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