{"id":1004159596,"date":"2016-11-21T02:00:57","date_gmt":"2016-11-21T10:00:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159596"},"modified":"2020-05-18T09:29:39","modified_gmt":"2020-05-18T17:29:39","slug":"two-tower-san-jose-office-building-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/two-tower-san-jose-office-building-changes-hands\/","title":{"rendered":"Two-Tower Office Building in Silicon Valley Changes Hands"},"content":{"rendered":"

by Keith Loria<\/em><\/p>\n

\"Steve<\/a>

Steve Golubchik<\/p><\/div>\n

San Jose, Calif.<\/strong>\u2014Ridge Capital Investors LLC<\/a> has acquired One Eleven Market Square, a 320,559-square-foot, two-tower office property in downtown San Jose, from Swift Real Estate Partners<\/a>.<\/p>\n

NGKF Capital Markets<\/a> represented the seller in the transaction.<\/p>\n

\u201cThe greatest appeal of One Eleven Market Square is its incredible Main and Main corner location in the heart of downtown San Jose\u2019s multifamily and retail core,\u201d Steve Golubchik, co-head of NGKF Capital Markets Northern California, told Commercial Property Executive<\/a><\/em>. \u201cThe downtown San Jose real estate market has built meaningful momentum this past year with several high profile tenants moving into the urban center.\u201d<\/p>\n

Strategically located in the heart of downtown San Jose, the two towers consist of 111 W. St. John St., which rises 12 stories and encompasses 163,775 square feet and 111 N. Market St., which stands 10 stories and consists of 156,784 square feet.<\/p>\n

\"One<\/a>

One Eleven Market Square<\/p><\/div>\n

The buildings are currently 78 percent leased to a diverse tenant mix, including Pacific Business Centers, Rockwell Automation Inc., Kerio Technologies Inc., BAM Labs, Opportunity Fund and Diamanti.<\/p>\n

Swift had owned the property for a little over two years, but completed significant capital improvements in that time.<\/p>\n

\u201cSwift added a modern fitness center and amenity area, updated the lobbies, installed new creative space, improved the landscaping and added bike storage,\u201d Golubchik said. \u201cSwift also secured a signage permit creating the opportunity for the new owners to unlock additional value at One Eleven Market Square.\u201d<\/p>\n

The new buyers are planning further renovations to reposition the buildings as the premier high tech destination in San Jose.<\/p>\n

One Eleven Market Square is close by San Jose\u2019s iconic food and entertainment hub, and is adjacent to San Pedro Square. The transit-oriented property is steps from the VTA Light Rail with Caltrain and the future BART station is within walking distance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ridge Capital Investors is the new owner of One Eleven Market Square in downtown San Jose, Calif.<\/p>\n","protected":false},"author":451,"featured_media":1004159600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21742,21747,1609,15],"tags":[],"class_list":["post-1004159596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-latest","category-office","category-san-francisco","category-west"],"acf":[],"yoast_head":"\nTwo-Tower Office Building in Silicon Valley Changes Hands - 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\/two-tower-san-jose-office-building-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two-Tower Office Building in Silicon Valley Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Ridge Capital Investors is the new owner of One Eleven Market Square in downtown San Jose, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/two-tower-san-jose-office-building-changes-hands\/\" \/>\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=\"2016-11-21T10:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T17:29:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Steve-Golubchik.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"597\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\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\\\/two-tower-san-jose-office-building-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-tower-san-jose-office-building-changes-hands\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Two-Tower Office Building in Silicon Valley Changes Hands\",\"datePublished\":\"2016-11-21T10:00:57+00:00\",\"dateModified\":\"2020-05-18T17:29:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-tower-san-jose-office-building-changes-hands\\\/\"},\"wordCount\":325,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-tower-san-jose-office-building-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/Steve-Golubchik.jpg\",\"articleSection\":[\"Deals\",\"Featured\",\"News\",\"Office\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-tower-san-jose-office-building-changes-hands\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-tower-san-jose-office-building-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-tower-san-jose-office-building-changes-hands\\\/\",\"name\":\"Two-Tower Office Building in Silicon Valley Changes Hands - 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