The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 31, 2023
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
San Jose R&D Asset Trades in $41.5 Mil Deal

12/20/22

WF Batton Management Company bought Valley Research Center, a 129k sf R&D campus in North San Jose in a $41.5 mil ($322/sf) transaction.

Photo: Vantage Point Photography
Photo: Vantage Point Photography
Valley Research Center is comprised of two 64.5k sf buildings, which were renovated in the last two years with a new lobby, collaborative work areas, fitness center and outdoor recreational areas. 2590 Orchard Parkway is fully leased to Harmonic Inc and 2580 Orchard Parkway is 26% leased to FIT Electronics (Foxconn).

Joe Moriarty, Scott Prosser and Jack DePuy of CBRE’s Capital Markets team represented the seller in the deal.

“The Silicon Valley R&D market has remained resilient. Valley Research Center’s state-of-the-art improvements and location in the Golden Triangle, amongst high-cap technology companies, provide a huge upside opportunity for those looking for access to world-class talent and innovation,” said Moriarty.

The R&D sector in Silicon Valley recorded 1.8 msf in leasing activity in the third quarter this year, according to CBRE. North San Jose had the highest year-to-date net absorption in Silicon Valley as tenants seek proximity to well-known technology and R&D companies. Quality buildings containing lab space continue to garner interest as average asking rates are at $2.91 per sq. ft. on a monthly, NNN basis.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media