Portfolio

@ First

San Jose, California


Market: S.F. Bay Area

Type: Office

Role: Development Partner

Status: Completed in 2010; Pre-sold in 2008

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

Property Size

  • 561,500 square feet of office space (completed)
  • 420,000 square of office space (entitled)

Local Population Density

  • 3,000 people/square mile

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 10 acres of the office site, all of which were sold to Brocade Communications Systems for its global headquarters while construction was under way.
  • Remaining four acres of land (Phase II) are 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 Hyatt House extended-stay hotel, a Courtyard by Marriott hotel, a 138,000-square-foot Target store, and other retail and restaurant space.

 

Walk Score:  43     |    Transit Score:  38     |     Bike Score:  61