{"id":1004121012,"date":"2015-06-10T11:42:14","date_gmt":"2015-06-10T19:42:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=352676"},"modified":"2022-12-06T23:45:49","modified_gmt":"2022-12-07T07:45:49","slug":"reboot-lands-buyer-new-tenants-for-san-jose-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/reboot-lands-buyer-new-tenants-for-san-jose-office-park\/","title":{"rendered":"Reboot Lands Buyer, New Tenants for San Jose Office Park"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>A testament to Silicon Valley\u2019s white-hot office market is the recently completed deal for THE Campus office park in San Jose. MCP Trimble Campus L.L.C., an entity controlled by MetLife Real Estate Advisors, acquired the asset for $96 million from a joint venture of Bixby Land Co. and Cornerstone Real Estate Advisers.<\/p>\n<p>Bixby and Cornerstone bought the four-building office park\u00a0in 2012 for $29.5 million. Major improvements, together with the fast-developing local office market, helped boost the price 200% in only three years.<\/p>\n<p>THE Campus is loc<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/TheCampus.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-352677\" title=\"The Campus\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/TheCampus.jpg\" alt=\"The Campus \" width=\"300\" height=\"160\" \/><\/a>ated at 375-441 Trimble Road in San Jose. Bixby and Cornerstone gave the 250,000-square foot property a makeover that encompassed exterior walls, atriums, and outdoor areas. Studio G Architects designed a new open space between two of the buildings. As part of their strategy to rep0sition the property as an upscale asset, the previous owners also oversaw upgrades to dining areas, fountains, furnishings and landscaping.<\/p>\n<p>The remodeling quickly got results, as the property landed major commitments from several new tenants. Verizon leased two of the buildings totaling 136,000 square feet, and ASML US Inc. has taken up 92,000 square feet.<\/p>\n<p>Image courtesy of <em>www.thecampusoffice.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A testament to Silicon Valley&rsquo;s white hot office market at the current moment is a recently completed deal for THE Campus office park in San Jose. The asset was acquired by MCP Trimble Campus LLC, an entity controlled by MetLife Real Estate Advisors.<\/p>\n","protected":false},"author":41,"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":[],"class_list":["post-1004121012","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"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>Reboot Lands Buyer, New Tenants for San Jose Office Park - 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\/reboot-lands-buyer-new-tenants-for-san-jose-office-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reboot Lands Buyer, New Tenants for San Jose Office Park\" \/>\n<meta property=\"og:description\" content=\"A testament to Silicon Valley&rsquo;s white hot office market at the current moment is a recently completed deal for THE Campus office park in San Jose. 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