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7/27/15
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Washington Holdings recently purchased Zanker Business Center, a 120.4k sf business park in North San Jose. Located at 1920 – 1980 Zanker Rd, the multi-tenant project contains four single-story R&D buildings, with each being roughly 30k sf in size.
The project was nearly fully leased at the time of sale to a mix of tech and professional companies such as Univision Local Media, Sharp Electronics and Hitachi Metals America. The business center is well located along Zanker Rd near N. First St, with quick access to major freeways, light rail, the San Jose International Airport and many nearby amenities.
Seattle-based Washington Holdings plans to reposition the property with the amenities and architecture typical of a modern Class A office/tech park. Eric Fox, Robert Gilley and Steve Hermann with DTZ handled the investment sale transaction on behalf of both parties, with leasing support from DTZ’s Steve Horton, Gregory Davies, Colin Feichtmeir and Kelly Yoder.
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