The VIC Building Owner LLC has purchased a group of office and industrial buildings at 18110 S.E. 34th St. in east Vancouver for $35 million, according to a press release from Fuller Group, which brokered the transaction.
The buildings sit at the center of a 180-acre corporate campus that was once home to the Vancouver arm of technology company HP, and hosted more than 2,500 employees at its peak in the 1990s. HP moved to smaller local offices and sold the campus in 2009.
New York-based development firm New Blueprint Partners announced plans earlier this year to acquire the campus and redevelop it into a new office park and residential neighborhood called the Vancouver Innovation Center. The sale of the surrounding 115 acres of undeveloped campus land is expected to close in the second quarter of next year, according to Fuller Group.
The campus was jointly acquired by New Blueprint Partners and Rabina, a real estate investment and development firm based in New York, according to a joint press release from the two companies.
Correction: This story has been updated to specify that the campus was jointly acquired by New Blueprint Partners and Rabina.
