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5/06/26
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A 102.7k sf, heavy-power R&D facility on a 5.4-acre site located in San Jose was acquired by a venture between Affiliates of The Roxborough Group LLC and Paceline Investors LLC in a $29.2 mil ($284/sf) transaction. The property is located at 2581 Junction Ave, south of Montague Expwy and west of I-880.
The property, originally constructed in 1983 and subsequently upgraded for advanced manufacturing use, is located in Silicon Valley’s North San Jose submarket, an established hub for technology, semiconductor, and advanced manufacturing companies. The single-tenant building is currently leased to Ensurge Micropower, a developer of solid-state battery technology.
2581 Junction features specialized infrastructure, including approximately 8,500 amps of power capacity and existing cleanroom improvements, making it well-suited for a range of advanced manufacturing, hardware, and research and development users. The availability of high-power facilities in Silicon Valley remains limited due to long lead times for new electrical infrastructure, positioning the property favorably relative to similarly sized buildings within the market.
According to Jay Atkinson, Founder & Managing Principal at Paceline Investors, they were attracted to the building’s functional qualities and its existing electrical power infrastructure, which is rare for a building of this size in the Silicon Valley market. They plan to enhance these attributes with additional investment to elevate the property’s competitive position in the market.
2581 Junction marks Roxborough’s first R&D investment in Silicon Valley for Roxborough Fund III L.P., a $518 mil discretionary fund focused on opportunistic and value-add investments.
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