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Chicago Title Insures Sale of Cupertino Gateway
By: Chicago Title Company
(Cupertino, CA) October 1, 2015—Chicago Title Company, an affiliate of the parent group Fidelity National Financial, has insured the recently sold Cupertino Gateway.
The Apple-leased property was sold for $165 million and earned a profit of $50 million for the seller, an affiliate of Downtown Properties out of Los Angeles. At 217,294 square feet, the cost per square foot of the Apple 2 property at 10100-10200 N. Tantau Ave. is approximately $760. The buyer is an affiliate of Prudential Real Estate.
The Cupertino Gateway is comprised of three separate buildings and is located very close to the Apple main campus.
The San Jose office of Eastdil Secured arranged the sale and the title and escrow services were handled by Chicago Title Commercial. “We are extremely grateful to be part if such a prestigious project” said Joe Goodman, Executive VP and County Manager of Chicago Title SoCal. “Everyone involved did a fantastic job [and we are] proud of our Team.”
Chicago Title Company