Hewlett Packard Enterprise has sold the Sunnyvale office campus that served as Juniper Networks’ longtime headquarters for $330.8 million, even as the tech giant plans to keep working out of the building for at least the next two decades. The buyer, a New York City-based affiliate of alternative asset manager Bluerock, closed the deal in a sale-leaseback structure that keeps HPE as the tenant at 1133 Innovation Way through at least 2047, with an option to extend another 14 years.
The sale documents for the deal were filed last Friday with the Santa Clara County Recorder’s Office, according to The Mercury News. HPE spokesperson Adam Bauer confirmed to the outlet that HPE still owns the adjacent building at 1137 Innovation Way, meaning the company retains a foothold on the broader campus even after handing off the main headquarters tower. Bluerock, headquartered in New York and led by CEO R. Ramin Kamfar, has built a portfolio of more than $18 billion to $19 billion in acquired and managed assets spanning 13.5 million square feet nationwide, according to Blue Vault.
Bluerock financed the acquisition with $310 million in borrowed funds arranged by a lending group headed by Wilmington Trust, the Mercury News report notes. The 1133 Innovation Way site sits on an 80-acre campus that Juniper Networks occupied as its headquarters since 2000, encompassing roughly 700,000 square feet of company-owned office space, according to The Registry. Juniper became a subsidiary of HPE after the company completed its $14 billion acquisition of the networking equipment maker.
How the Juniper Merger Set Up the Real Estate Deal
The deal traces back to HPE’s closing of its $14 billion purchase of Juniper Networks on July 2, 2025, which came only after HPE settled a U.S. Department of Justice antitrust lawsuit filed in January 2025. The settlement required HPE to divest its Instant On wireless networking unit and auction non-exclusive source-code licenses for Juniper’s Mist AI platform, per the Registry’s account of the merger’s history…