Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 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?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Westcore Properties Purchases 79k sf R&D Asset in San Jose

4/26/18

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.”





Return to the Archive 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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media