Hines Global Income Trust Acquires New Asset in Silicon Valley

The deal represents second acquisition in Santa Clara area within the past year

(SAN­TA CLARA, CA.) – Hines, the inter­na­tion­al real estate firm, announced today that Hines Glob­al Income Trust, Inc. (“Hines Glob­al”) has acquired a sin­gle-ten­ant office, research and devel­op­ment build­ing at 5301 Patrick Hen­ry Dri­ve in San­ta Clara, California.

This one-sto­ry, 129,200-square-foot build­ing is locat­ed in the cen­ter of Sil­i­con Val­ley, a region that attracts some of the most desir­able ten­ants in the world from a diverse mix of indus­tries includ­ing tech­nol­o­gy. The property’s loca­tion is less than a half mile from the VTA Light Rail and with­in one mile of the ACE Train, pro­vid­ing rail access through­out Sil­i­con Val­ley and a large por­tion of the Bay Area. In addi­tion, the loca­tion is less than a 10-minute dri­ve to Mine­ta San Jose Inter­na­tion­al Air­port with con­ve­nient access to High­way 101, Inter­state 880 and Cal­i­for­nia State Route 237. 

“This trans­ac­tion rep­re­sents our sec­ond San­ta Clara acqui­si­tion show­ing our con­vic­tion in the resilien­cy of this mar­ket,” said Jan­ice Walk­er, chief oper­at­ing offi­cer of Hines Glob­al. ​“Our glob­al­ly diver­si­fied portfolio’s ten­ant mix is fur­ther strength­ened through the addi­tion of this well-posi­tioned project.”

Sil­i­con Valley’s abil­i­ty to attract the country’s top intel­lec­tu­al tal­ent is unmatched. Work­ers from around the globe are drawn to the region by its excep­tion­al qual­i­ty of life, con­cen­tra­tion of cut­ting-edge tech­nol­o­gy com­pa­nies, and the pres­ence of some of the nation’s top uni­ver­si­ties. The San Fran­cis­co Bay Area is the lead­ing hub of high-tech inno­va­tion and devel­op­ment, and the region rep­re­sents the largest high-tech man­u­fac­tur­ing cen­ter in the Unit­ed States.

“We’re pleased to expand Hines’ pres­ence in Sil­i­con Val­ley, while con­tin­u­ing to pro­vide our investors with expo­sure to new assets in a high-qual­i­ty mar­ket,” com­ment­ed Shawn Hardy, man­ag­ing direc­tor, at Hines.

About Hines Glob­al
Hines Glob­al is a pub­lic, non-list­ed real estate invest­ment trust spon­sored by Hines. It com­menced oper­a­tions in 2014 and invests in com­mer­cial real estate invest­ments locat­ed in the Unit­ed States and inter­na­tion­al­ly. For addi­tion­al infor­ma­tion about Hines Glob­al, vis­it www​.www​.hines​glob​al​in​cometrust​.com.

About Hines
Hines is a pri­vate­ly owned glob­al real estate invest­ment firm found­ed in 1957 with a pres­ence in 225 cities in 25 coun­tries. Hines has approx­i­mate­ly $144.1 bil­lion¹ of assets under man­age­ment, includ­ing $75.5 bil­lion for which Hines serves as invest­ment man­ag­er, includ­ing non-real estate assets, and $68.6 bil­lion for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. The firm has 165 devel­op­ments cur­rent­ly under­way around the world. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired 1,426 prop­er­ties, total­ing over 472 mil­lion square feet. The firm’s cur­rent prop­er­ty and asset man­age­ment port­fo­lio includes 576 prop­er­ties, rep­re­sent­ing over 246 mil­lion square feet. With exten­sive expe­ri­ence in invest­ments across the risk spec­trum and all prop­er­ty types, and a pio­neer­ing com­mit­ment to sus­tain­abil­i­ty, Hines is one of the largest and most-respect­ed real estate orga­ni­za­tions in the world. Vis­it www​.hines​.com for more infor­ma­tion.
¹AUM includes both the glob­al Hines orga­ni­za­tion as well as RIA AUM.

For­ward-Look­ing State­ments
State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions relat­ing to the acqui­si­tion described here­in, are for­ward-look­ing state­ments with­in the mean­ing of Sec­tion 27A of the Secu­ri­ties Act of 1933, as amend­ed, and Sec­tion 21E of the Secu­ri­ties Exchange Act of 1934, as amend­ed. Such state­ments are based on cur­rent expec­ta­tions and assump­tions with respect to, among oth­er things, the val­ue to be gen­er­at­ed by the ful­fill­ment cen­ter, future expan­sion of Hines Global’s world­wide logis­tics port­fo­lio, future eco­nom­ic, com­pet­i­tive and mar­ket con­di­tions and future busi­ness deci­sions that may prove to be incor­rect or inac­cu­rate. Impor­tant fac­tors that could cause actu­al results to dif­fer mate­ri­al­ly from those in the for­ward-look­ing state­ments include the risks asso­ci­at­ed with Hines being able to suc­cess­ful­ly man­age the ful­fill­ment cen­ter, the ten­ant remain­ing com­mit­ted to its lease oblig­a­tions and con­tin­u­ing to pay rent in a time­ly man­ner, Hines Glob­al being able to locate and close on addi­tion­al oppor­tu­ni­ties to invest in logis­tics assets, and oth­er risks described in the ​“Risk Fac­tors” sec­tion of Hines Glob­al’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2019, as updat­ed by its oth­er fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.