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September 22, 2021
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Silicon Valley R&D/Office Campus Gets New Owner in $56 Mil Deal

8/27/21

Valley Creative Center, a six-building R&D/office campus totaling 166.9k sf of space in north San Jose, sold for $56 mil ($335/sf). Redwood City-based Dollinger Properties purchased the asset from Vista Investment Group.

Valley Creative Center is located at 2235-2249 Zanker Rd, 2340-2390 Bering Dr and 225-245 Charcot Ave. The property recently completed new exterior façade upgrades, and features grade loading and ample parking. The complex is close to the 101, 880 and 87 freeways and within minutes of the San Jose International Airport and Downtown San Jose. It is also walking distance to Light Rail Station and restaurants and retail amenities.

Cushman & Wakefield’s Alan Guterman, Jon DeCoite, Steve Horton, and Kelly Yoder represented Dollinger Properties in the acquisition and have also been retained by the buyer for project leasing.

“This is a well-leased asset and a quality investment of an attractive low-rise campus positioned in the region’s highly desired Golden Triangle area,” said Scott Ahearn, Director of Marketing and Acquisitions, Dollinger Properties. “The location also offers great accessibility and visibility for tenants as well as plentiful walkable and nearby amenities.”




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