San Jose, CA, July 20, 2012 –. – Colliers International, the third largest global real estate services organization, has completed the sale of a two-building 126,244-square-foot office and R&D asset located at 3000 & 3030 Orchard Parkway (top left photo) in San Jose, Calif.
The purchase price remains confidential. AEW acquired the property on behalf of one of its institutional clients.
Built in 2000, the Class A property is 100 percent leased and sits on 6.43 acres just off the prestigious North First Street Corridor. 3000 Orchard Parkway is leased by Samsung and 3030 Orchard Parkway is leased by SAP, but is currently subleased to Fairchild Semiconductor, which utilizes the building as its headquarters.
The Colliers Investment Services Group led by Fred Córdova (middle right photo), Andy Zighelboim, Nate Jones, Jim Beeger, Ryan Eddy, and Tommy Kim, represented the seller, DivcoWest, a privately owned real estate investment firm with offices in San Francisco and Boston.
The buyer, Boston-based AEW Capital Management, a real estate investment portfolio manager with a major West Coast presence in Los Angeles plans to capitalize on a rapidly improving North San Jose leasing market. AEW represented itself in the transaction.
For a complete copy of the company’s news release, please contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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