District | 237

300 Holger Way, San Jose, CA 95134

Property Overview

7 of 8 Buildings Sold*

District | 237, formerly Corporate Technology Centre, is a modern Class A, multi-tenant office campus located in San Jose’s coveted “Golden Triangle.” The 32.67-acre site provides over one-half mile of unobstructed freeway frontage along Highway 237 — the major east/west arterial in the Silicon Valley. This location has evolved over the past 10 years into one of the more desirable in the Valley, with the Highway 237 corridor benefiting from new office, retail and multifamily development.

District | 237 consists of eight* steel-framed office buildings, one of which is improved as a world-class data center operated by AT&T. There is one one-story, three two-story and four three-story buildings, all constructed between 1999 and 2001, that total 610,324 rentable square feet. It is currently 100 percent leased to five tenants. There are 2,192 surface parking stalls surrounding the buildings yielding a parking ratio of 3.6 per 1,000 RSF. The property demonstrates a very high historical occupancy level and low turnover. As of December 23, 2020, seven buildings have been sold and one remains.

*On June 25, 2018, three of the eight buildings (buildings 400, 450 & 475) were sold for $97,445,545.
*On June 25, 2020, two additional buildings (buildings 100 & 200) were sold for $95,200,000.
*On September 25, 2020, one additional building (250) was sold for $38,250,000.
*On December 23, 2020, one additional building (350) was sold for $50,500,000.

Investment at a Glance

Location: San Jose, California

Property Type: Class A Office

Acquisition Date: March 28, 2013

Purchase Price: $239,000,000

No. of Buildings: 8*

No. of Buildings Sold: 7

Square Footage at Acquisition: 610,324 SF

Year Built: 1999, 2001

Leased Percentage (at the time of Acquisition): 100%

$239,000,000 Total Purchase Price
610,324 square feet Total Rentable Area
Class A Building Class