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7/25/18
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PSAI Realty Partners purchased Gold Street Technology Center, a 302.6k sf, office/R&D campus in San Jose. The property encompasses five separate, two-story steel-frame buildings at 2100, 2130, 2150, 2160, and 2190 Gold St, west of I-880 off the 237 Southbay Fwy. The property traded for approximately $92 mil ($304/sf).
Built in 1999, the property sits on 18.65 acres, within the 237 Corridor, providing close proximity to an abundance of executive and workforce housing options. Gold Street Technology Center also features green belts, fountains, courtyards, volleyball, and basketball courts. The five buildings are 88% leased, anchored by the global headquarters of TiVo Corporation.
Steven Golubchik, Grant Lammersen and Edmund Najera with NKF Capital Markets represented the seller, ECP, in the transaction.
“This property is highly attractive as it is well positioned along the 237 Corridor, which already features one of the largest concentrations of high- profile corporate users and well-known and respected technology firms such as Samsung, Cisco, and Dell, among others, “ said Golubchik.
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