{"id":1004609678,"date":"2022-11-03T03:28:15","date_gmt":"2022-11-03T11:28:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004609678"},"modified":"2022-12-09T00:49:53","modified_gmt":"2022-12-09T08:49:53","slug":"tech-company-pays-85m-for-silicon-valley-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tech-company-pays-85m-for-silicon-valley-office-building\/","title":{"rendered":"Tech Company Pays $85M for Silicon Valley Office Building"},"content":{"rendered":"<div id=\"attachment_1004609691\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004609691\" data-attachment-id=\"1004609691\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tech-company-pays-85m-for-silicon-valley-office-building\/3303-scott-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3303 scott blvd\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg?w=1000\" class=\"wp-image-1004609691 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004609691\" class=\"wp-caption-text\">3303 Scott Blvd.<\/p><\/div>\n<p><strong>Blue River Technology<\/strong> has purchased an 83,590-square-foot office building in Santa Clara, Calif., for $85 million, according to CommercialEdge data. The seller, <strong>Toeniskoetter Development<\/strong>, constructed the 2015-completed property.<\/p>\n<p>Owned by <strong>Deere &amp; Co.<\/strong>, the buyer is a farm robotics technology company, which subleased the property in July of this year. Back in March, <a href=\"https:\/\/www.commercialsearch.com\/news\/john-deere-to-open-austin-tech-hub\/\">Deere opened its new tech hub<\/a> in Austin, Texas, occupying the upper two floors of a Clarion Partners office building.<\/p>\n<p>Located at 3303 Scott Blvd., the Class A office asset is equipped with two passenger elevators, 27,146-square-foot floor plates, controlled access and 288 parking spots. The four-story building is situated on a 2.5-acre lot close to Interstate 280, providing access to San Francisco. The property is 6.9 miles from downtown San Jose, Calif., and within 7 miles of Mountain View, Calif.<\/p>\n<p>According to recent CommercialEdge data, the San Francisco Bay Area was one of the <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-office-transactions-in-h1-2022\/\">top markets for office transactions<\/a> during the first half of 2022, ranking second on the list, after Los Angeles. The metro&#8217;s sales volume in the first six month of the year amounted to $2.4 billion, at an average price of $497 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer, an affiliate of Deere &amp; Co., subleased the property in July.<\/p>\n","protected":false},"author":2991,"featured_media":1004609691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1609,15],"tags":[34861],"class_list":["post-1004609678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-francisco","category-west","tag-silicon-valley"],"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>Tech Company Pays $85M for Silicon Valley Office Building - CPE<\/title>\n<meta name=\"description\" content=\"Deere &amp; Co.\u2019s Blue River Technology purchased an 83,590-square-foot office building in Santa Clara, Calif., from Toeniskoetter Development.\" \/>\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\/tech-company-pays-85m-for-silicon-valley-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Company Pays $85M for Silicon Valley Office Building\" \/>\n<meta property=\"og:description\" content=\"Deere &amp; Co.\u2019s Blue River Technology purchased an 83,590-square-foot office building in Santa Clara, Calif., from Toeniskoetter Development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tech-company-pays-85m-for-silicon-valley-office-building\/\" \/>\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=\"2022-11-03T11:28:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:49:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/3303-scott-blvd-e1667317062107.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\\\/tech-company-pays-85m-for-silicon-valley-office-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tech-company-pays-85m-for-silicon-valley-office-building\\\/\"},\"author\":{\"name\":\"Simona Tudose\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/4659e2337f06b61cefc6b0b897d183a4\"},\"headline\":\"Tech Company Pays $85M for Silicon Valley Office Building\",\"datePublished\":\"2022-11-03T11:28:15+00:00\",\"dateModified\":\"2022-12-09T08:49:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tech-company-pays-85m-for-silicon-valley-office-building\\\/\"},\"wordCount\":202,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tech-company-pays-85m-for-silicon-valley-office-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/11\\\/3303-scott-blvd-e1667317062107.jpg\",\"keywords\":[\"Silicon Valley\"],\"articleSection\":[\"Investment\",\"News\",\"Office\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tech-company-pays-85m-for-silicon-valley-office-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tech-company-pays-85m-for-silicon-valley-office-building\\\/\",\"name\":\"Tech Company Pays $85M for Silicon Valley Office Building - 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