Santa Clara Campus Partners LLC, a joint venture with Beacon Capital Partners, was formed in July 2011 to acquire 30.2 acres of vacant land. The acquisition represents one of the last remaining large-development sites between San Francisco and San Jose, Calif. The location, size and configuration of the property allow for the development of a traditional Silicon Valley mid-rise corporate campus with ample parking and stand-alone identity. The site is entitled for up to 1.3 million square feet of Class-A office. Construction on the initial phase—three 4-story buildings totaling approximately 460,000 square feet—is complete with lease up underway.