SUNNYVALE — An office and research building Nvidia leases in Sunnyvale was bought for well over $90 million, a far higher price than what it was sold for just three years ago.
Blackstone Real Estate, through an affiliate, acquired the 134,200-square-foot building at 350 Cobalt Way for $99.6 million, documents filed on Sept. 22 with the Santa Clara County Recorder’s Office show. Commercial real estate firm JLL had been marketing it.
PSAI Realty Partners, the seller in the deal, paid $31 million for the two-story structure in 2023…