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May 28, 2020
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Westcore Properties Purchases 79k sf R&D Asset in San Jose


Westcore Properties has purchased Silicon Valley Research Center, consisting of two R&D buildings located at 1110 and 1120 Ringwood Court in San Jose. The assets were sold by LBA for an undisclosed sum.

Building one, at 1110 Ringwood Court, contains 46k sf of shell-condition space. Building two, at 1120 Ringwood Court, offers 32.6k sf of turnkey space. Both buildings were vacant at the time of purchase.

“We see an opportunity to create value in this project; Silicon Valley continues to experience healthy tenant demand,” says Peter Mette, Director of Acquisitions for Westcore Properties. “We will commit substantial capital to further enhance the image and function of the property.”

Bob Steinbock and Scott Prosser of CBRE represented LBA in the transaction. Westcore repped itself in the deal.

“We expect demand from industrial and R&D users to stay strong in Silicon Valley for the foreseeable future,” said Steinbock. “With close proximity to major transportation corridors and just five miles from the San Jose airport, Silicon Valley Research Center has a lot of potential to deliver value for Westcore, its investors and its tenants.”

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