Portfolio

@ First

San Jose, California


Market: S.F. Bay Area

Type: Office

Role: Development Partner

Status: Development of Phase I completed in 2010

Office component of a 37-acre, mixed-use development being built on an infill site in northwest San Jose, approximately five miles north of the city’s downtown.

Size                          

  • 561,500 square feet of office space (completed)

  • 420,000 square of office space (entitled)

Local Demographics

  • 4,900 people/square mile

  • 80% of metro area median household income

Highlights

  • Invested in the development of the 14-acre office component of @ First through a venture with the property’s developer, Hunter Storm.

  • Developed Phase I, three mid-rise office buildings and a parking structure on most of the office site, all of which were sold to Brocade Communications Systems for its global headquarters while construction was under way.

  • Remaining land (Phase II) is entitled for more than 400,000 square feet of office space.

  • Office component is highly visible, readily accessible and set within an amenity-rich development that is near many of Silicon Valley’s renowned technology companies.

  • Located one mile north of the Tasman light-rail transit station operated by the Santa Clara Valley Transportation Authority (“VTA”), just south of State Highway 237, a major east-west commute corridor. Other major South Bay freeways (Interstate 880, U.S. Highway 101 and Interstate 680) are all within five miles of the property.

  • The surrounding mixed-use development features a Hotel Sierra extended-stay hotel and a 138,000-square-foot Target store. Additional retail, restaurant and lodging space is planned.