Monday, January 4, 2016

HFF closes sale of Rincon Center in North San Jose, CA

Steve Golubchik
SAN FRANCISCO, CA. Jan. 4, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Rincon Center, a two-building, 156,094-square-foot, Class A office/R&D campus in North San Jose, California. 

HFF represented the seller, an entity owned by certain funds managed by Westport Capital Partners LLC, in the transaction. 

Rincon Center consists of 1010-1020 and 1060 Rincon Circle, which are situated on an 8.31-acre site, fronting Interstate 880 and Montague Expressway in the Silicon Valley area of North San Jose.

 This location places the asset within minutes of San Jose International Airport, Levi’s Stadium, downtown San Jose and Santa Clara City Center.  

The property is served by the VTA bus lines and Light Rail with connections to the ACE, Caltrain and Amtrak commuter rail lines and the future Milpitas BART station opening in 2017-2018. 1010-1020 Rincon Circle is a 90,871-square-foot building that is fully leased to Quanta Computer.

 The 65,223-square-foot 1060 Rincon Circle is fully leased to CSR (acquired by Qualcomm in 2014).  The two-story properties were both recently renovated and share 556 parking spaces on site.

HFF’s investment sales team representing the seller was led by senior managing director and co-head of HFF’s San Francisco office, Steven Golubchik and director Ben Bullock.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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