SAN JOSE — An enormous north San Jose tech campus has been purchased by a veteran funding group from the East Coast with a worldwide attain.
Meeting at North First, a 27-acre workplace complicated in north San Jose, has been purchased for $192 million by associates managed by Pennsylvania-based Exeter Property Group, based on paperwork filed on Sept. 30 on the Santa Clara County Recorder’s Workplace.
The vendor was an alliance headed by ProspectHill Group, SKS Companions, and Invesco Actual Property, the county paperwork present.
Meeting at North First is positioned on a number of parcels totaling 27 acres close to the nook of North First Road and Headquarters Approach in San Jose. The campus stays unoccupied by tenants.
The complicated was initially envisioned as a tech campus that in recent times caught the eye of search large Google, which was considering a purchase order of the property.
Google in the end determined to purchase different workplace buildings close by in north San Jose.
Beginning in 2020, amid the coronavirus outbreak, a workforce from industrial actual property agency Colliers started to market The Meeting at North First as a campus geared in the direction of biotech, medical and life sciences firms, in addition to tech companies.
At full buildout, Meeting at North First would include six workplace buildings totaling 489,100 sq. toes. At current, the campus consists of three buildings totaling 300,100 sq. toes, based on a advertising and marketing brochure that Colliers has circulated.
The addresses of the just-bought San Jose buildings are 3930, 3940, 3950 and 4000 N. First St., and 90 Headquarters Approach, county paperwork present.