Law360, New York (May 03, 2012, 9:06 PM ET) — Private equity-backed Rockwood Capital LLC and Four Corners Properties LLC have scooped up a vacant office campus they plan to renovate in the booming Silicon Valley area, shelling out $90 million to residential developer William Lyon Homes, the companies announced Thursday.

The deal covers a 500,000-square-foot complex that William Lyons had originally planned to turn into a housing community. Rockwood and Four Corners plan to keep it as office space, renovating the property to a Class A standard and catering to fast-growing tech firms looking for their own space. It will be renamed San Antonio Station, according to the companies.