ING makes $47m purchase.ING Clarion A family of application development systems for Windows from SoftVelocity, Inc., Pompano Beach, FL (www.softvelocity.com). Clarion provides a comprehensive set of tools for development, including a screen builder, 4GL and application generator. has acquired Shorebird Way in Silicon Valley for $47 million, it was announced. The property was purchased on behalf of ING Clarion's open-end core commingled fund Commingled Fund A type of mutual fund consisting of assets from several accounts that are blended together. Sometimes called a "pooled fund." Notes: They are "commingled" to reduce the costs of managing them separately. and consists of three office buildings on Shorebird Way in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. . The broker for the deal was Secured Capital Corp. Shorebird Way occupies approximately 153,000 square feet and is leased exclusively to Siemens Medical Solutions Siemens Medical Solutions (Siemens Med) is a supplier to the healthcare industry, and is headquartered in Erlangen, Germany. Its U.S. division, Siemens Medical Solutions USA, Inc., is a Delaware corporation, with headquarters in Malvern, Pennsylvania. , one of the world's largest suppliers to the healthcare industry. The one-and two-story buildings are well located in Shoreline Technology Park, and are in close proximity to the headquarters of Google. "Market conditions continue to improve in Silicon Valley, with demand for quality office space accelerating," said Stephen P. Latimer, managing director at ING Clarion. "We remain believers in the long-term potential of this market and will continue to actively seek out investment opportunities in the region." |
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