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8/26/16
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In a Silicon Valley office buy, TMG Partners has purchased two building in San Jose, at 2460 and 2480 North First St. The price was not disclosed.
The two buildings, which total 148k sf, are located near other recent office property sales, occupied by tech titans Apple and Google, the latter of which also rents nearly 37k sf at 2460 North First Street. Apple closed three major purchases along North First Street over the past six months, including the 43-acre development parcel known as the North First Campus located across the street from 2460 and 2480 North First St.
The properties sit in the heart of Silicon Valley’s Golden Triangle. The Golden Triangle has long been known as one of the most desirable trade areas in Silicon Valley and serves as home to some of the world’s most notable technology companies including, eBay, Cisco, Broadcom, Philips, Samsung, Qualcomm, and Texas Instruments. The property also enjoys quick access to I-880, Hwy-101, SR-237 and Montague Expressway along with convenient light rail service, and is within minutes of Mineta San Jose International Airport.
TMG plans to make major renovations to the building systems, common areas and landscaping. The project was listed and sold by Steve Hermann and Eric Fox of Cushman & Wakefield.
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