Corporate Technology Centre
100 Headquarters Dr., San Jose, CA 95134
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.
Corporate Technology Centre 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 615,233 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.
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 Stories: 1-3
Square Footage: 610,083 SF
Year Built: 1999, 2001
Leased Percentage (at the time of Acquisition): 100%