{"id":1004083846,"date":"2013-09-19T13:51:23","date_gmt":"2013-09-19T21:51:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=183080"},"modified":"2022-12-08T09:51:31","modified_gmt":"2022-12-08T17:51:31","slug":"eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\/","title":{"rendered":"Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/TMG.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-183081\" title=\"TMG\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/TMG.jpg\" alt=\"\" width=\"300\" height=\"185\" \/><\/a>San Francisco-based TMG Partners and Fortress Investment Group LLC have announced the acquisition of an eight-building office campus site in North San Jose as a result of a joint venture between the two companies.<\/p>\n<p>The West Tasman Drive location totals 810,600 square feet of space and was sold to the JV by networking solutions company, Cisco, which has already agreed to lease back the space once the deal is closed.<\/p>\n<p>According to a press statement issued by TMG, Cisco will start to incrementally vacate the property to allow a complete renovation of the premises to take place. The new owners see an opportunity to add to the property\u2019s value, and the renovation process is slated to begin in January 2014.<\/p>\n<p>TMG Partners\u2019 chairman and CEO, Michael Covarrubias has expressed the company\u2019s faith in the newly acquired asset by mentioning the fact that TMG Partners believes that \u201cthere is an ongoing demand for large, contiguous blocks of well-located high quality space in Silicon Valley,\u201d according to <a href=\"https:\/\/www.bizjournals.com\/sanfrancisco\/blog\/2013\/09\/tmg-fortress-buy-cisco-campus-in-san.html\">a report in the San Francisco Business Times<\/a>.<\/p>\n<p>Covarrubias also said for the press that new tenants would be greeted by an improved property, with significantly upgraded street presence.<\/p>\n<p>The renovations will include extensive landscaping, modifications to the property\u2019s fa\u00e7ade, new signage, parking lot and improved common areas. Interior common areas will also be upgraded, along with the building system. Prospective tenants will likely be companies looking for two or three buildings, with expansion options made available to them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A massive office campus deal was recently arranged by a joint venture between San Francisco-based TMG Partners and Fortress Investment Group LLC. The JV has acquired the current San Jose home of network solutions company, Cisco. The eight-building office\/R&amp;D campus was previously owned by the company which has already agreed to lease back the space once the deal is closed.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[1815],"class_list":["post-1004083846","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture\" \/>\n<meta property=\"og:description\" content=\"A massive office campus deal was recently arranged by a joint venture between San Francisco-based TMG Partners and Fortress Investment Group LLC. 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The eight-building office\/R&amp;D campus was previously owned by the company which has already agreed to lease back the space once the deal is closed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-19T21:51:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:51:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/TMG.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture\",\"datePublished\":\"2013-09-19T21:51:23+00:00\",\"dateModified\":\"2022-12-08T17:51:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/09\\\/TMG.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eight-building-campus-in-san-jose-acquired-by-tmg-partners-fortress-investment-group-joint-venture\\\/\",\"name\":\"Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture - 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