San Jose: An East Coast private equity firm has bought more than half a billion dollars in North San Jose, a mega-deal that shows how real estate investors can invest in Silicon Valley.
HQ @First, a San Jose Tech complex with 23 office towers next to State Road 237 off North First Street, was acquired by KKR, an international investment company, in a lucrative deal for the seller.
On July 30, according to documents filed by Santa, he paid $ 535 million for an office building that had a large parking garage on the 110, 120 and 130 Holger Way, as well as on the 95 headquarters drive. Clara County Registrar’s Office.
“HQ @first is one of Silicon Valley’s most popular campuses,” said Newark, a commercial real estate company.
New York City-based KKR received $ 408 million in loans from JPMorgan Chase at the time of purchase, according to county documents.
Complex has a record of making strong sales.
Linn Mori Trust, a developer and real estate investor based in 2019, paid $ 429 million for the property, building a total of 561,500 square feet of office space.
Linn Lane Partners paid $ 225.5 million for HIV @First in 2017, just two years before Lane-based Lenno sold the property to a Morry Trust partner.
The $ 535 million paid by KKR Mori Trust a few days ago was 24.7% higher than in 2019. Mori Trust paid 90.2% more than Lane partners in 2017.
Micron Technology, a semiconductor company, and Zskaler, a cloud-based security services company, are tenants in the office.
There are many facilities next to the purchased campus.
The retail center, which includes residents’ targets, shops and restaurants, is located next to the head office @’s first offices.
A number of site resources have also been identified on the technology campus.
Landscaping, natural light, bay and hill views, outdoor BBQ and courtyard, basketball court, online fitness center and locker room, playroom, large executive mall and 300- plus seating cafeteria at the Technology Center One of the features of one site is Newark.