After years as a low-key landmark for Sunnyvale’s industrial tech scene, the former IDEC Corp. headquarters at 1175 Elko Drive has a new owner. The two-story R&D and industrial campus, long marketed as a Class A flex building, has been sold to an outside investor as Silicon Valley’s real estate deck continues to get reshuffled.
What Sold And Who Bought In
According to The Mercury News, county records show the buyer as Global Star Properties U.S. Corp., an investment outfit whose CEO is listed as Zihua Chen. The outlet reports that the company is registered as a real-estate investor and that its chief financial officer, Yin Wan Lo, is based in Hong Kong.
How Big The Campus Is And What Brokers Pitched
The Sunnyvale property spans roughly 83,600 square feet on about 4.5 acres, with brokers touting rooftop solar, backup power and EV chargers among its key amenities. When IDEC put the campus on the block, commercial-listing materials laid out the building’s floor plan and initial pricing, shared across listing sites and broker PDFs. LoopNet pegs the size at 83,600 square feet, while industry coverage flagged an asking price in the mid-$20 million range, according to The Real Deal.
Why This Deal Matters For Sunnyvale’s R&D Row
The trade slots into a broader trend: smaller tech and hardware companies trimming office footprints while investors scoop up versatile R&D and flex buildings that can handle labs, manufacturing or AI hardware assembly. IDEC’s business revolves around industrial automation components and human-machine interfaces, product lines that help explain why the firm originally needed a high-power, infrastructure-heavy campus in Sunnyvale. IDEC highlights those product areas and its U.S. operations on its company pages.
What Could Be Next At 1175 Elko Drive
Global Star has not publicly discussed its plans for the site, and no redevelopment filings were cited in coverage, leaving the next chapter for the property unresolved for now. Brokers say the building’s robust power capacity and lab-ready systems position it as a turnkey option for AI hardware users or life-science tenants, rather than a classic office redo. The Mercury News detailed the transaction, and broker marketing, including the LoopNet listing, highlights the site’s technical infrastructure.
Whether this sale signals fresh investor appetite for Sunnyvale’s R&D inventory or just another capital shuffle in a remodeled tech market, it underscores how Silicon Valley real estate is being rewired for the next wave of hardware and lab users. Neighbors say they will be keeping an eye on permit activity and any visible tenant hunt at the site in the coming weeks.
