Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 8, 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
San Jose R&D Facility Lands New Owner

6/14/24

A Blue Owl Capital-managed fund acquired 1010 Rincon Circle, a 90.9k sf, state-of-the-art R&D facility in San Jose. The price was not disclosed.

The property is 100% leased to Quanta Cloud Technology (QCT), a publicly traded world leader in data center and cloud technology. It serves as the firm’s U.S. headquarters location.

Situated in the Golden Triangle of the Silicon Valley, 1010 Rincon is ideally located to service QCT’s client base throughout the region and is surrounded by some of the world’s most recognizable companies, including Google, Microsoft, Samsung, Dell and Johnson & Johnson. The property also offers convenient access to executive and employee housing via a two-minute drive to both the 101 and 880 Freeways. Building features include an expansive auditorium and cafeteria, multiple loading docks, data center infrastructure and advanced AI testing facilities.

Newmark Executive Vice Chairman and President, Western Region Capital Markets Steven Golubchik, Vice Chairmen Edmund Najera, Senior Managing Director Jonathan Schaefler and Managing Director Darren Hollak represented the seller, Machine Investment Group, in the sale to the buyer.

“1010 Rincon offers a prime opportunity for a durable cash flow stream, secured for 10 years by a leading AI server company within this state-of-the-art R&D facility," said Golubchik. "The San Francisco Bay Area, renowned for its technological innovation, has seen a surge in demand for AI-driven facilities.”

A leading partner of Nvidia, Google Cloud, Sony and Amazon Webservices, QCT specializes in the design, engineering and manufacturing of server, storage and networking products. QCT aims to deliver high-performance, scalable and cost-effective cloud infrastructure to meet the demands of modern data centers, cloud computing and enterprise IT environments.

In the past 12 months over 1,200 Bay Area AI companies have received $31.8 bil of VC funding, or just over 50% of the national share, according to Newmark Research. AI companies leased 2.3 msf in leases over 20k sf in 2023 throughout the Bay Area, with 60% of that space in Silicon Valley.





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