Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 22, 2019
 Search RENTV
   Go!
 Video Programs
 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
Vacant Building in San Joseís Golden Triangle Sells for $280/sf

3/11/19

A vacant, 67.7k sf R&D/flex office building in San Jose sold for $19 mil ($280/sf). Located in the cityís famous Golden Triangle area, the property sits on a 4.6-acre site at 3775 1st St.

The immediate area is home to most of San Joseís 6,600 technology companies. The property is adjacent to Apple Incís planned 85-acre campus, Samsung Groupís North American headquarters and a 377k sf office campus recently acquired by Google.

Built in 1985, the single-story building was once the world headquarters for RAE Systems Inc, until its acquisition by Honeywell in 2013. Honeywell continued to occupy the building until Dec 2017.

The buyer was SVP Management, which is owned by a consortium of Korean companies, including YIKC and Exicon, plans to expand its holdings in the Silicon Valley. The property seller was Chandler HFP LLC, an affiliate of Los Angeles-based real estate firm Held Properties, a Los Angeles-based real estate investment and development company that had owned the property since 2014.

Bob Bower and Chip Sutherland in the San Jose office of CBRE Capital Markets-Investment Properties represented both parties to the transaction.




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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media