SAN JOSE — A big north San Jose office building has been bought by a local real estate company, a sign that investors have maintained a healthy appetite for choice properties in the Bay Area’s tech hubs.
The building, located near the interchange of State Route 237 and Zanker Road in San Jose, has been purchased by an affiliate of Menlo Equities, a veteran Bay Area real estate company.
Holger Technology Partners, the Menlo Equities affiliate, paid $35 million for the building, which is at 300 Holger Way, according to documents filed on Nov. 24 with the Santa Clara County Recorder’s Office.
KBS Capital Markets Group sold the building, a structure that totals 99,600 square feet. The building is part of the District 237 tech campus on Holger Way just off State Route 237.
At one point, KBS had owned all eight buildings in the office campus, a complex the real estate firm had bought in 2013 for $239 million.
With the most recent transaction, KBS has now sold all eight of the buildings that it had initially bought.
CBRE, a commercial real estate firm, arranged the purchase of the 300 Holger Way building. Cushman & Wakefield commercial real estate brokers Erik Hallgrimson, Steve Horton and Kelly Yoder had been seeking tenants for the building and provided market expertise for the transaction.
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