May 23, 2017 Comments Off on Blackstone Affiliate Divests San Jose Office Asset Views: 466 Bay Area, California News

Blackstone Affiliate Divests San Jose Office Asset

An affiliate of New York-based Blackstone Real Estate Partners sold 2851 Junction Ave., a 155,613-square-foot office building in San Jose for $82 million. The asset had been held by the investor since November 2016, when it acquired it from Hines for $76 million.

The four-story building is located on a 6.3-acre site, and is fully occupied on a NNN lease through September 2029 to TSMC North America, a unit of Asian semiconductor titan Taiwan Semiconductor Manufacturing Co.

JLL’s Michel Seifer and Will Connors had the sales listing assignment on behalf of Blackstone affiliate BRE Junction Property Owner. The buyer was LL 2851 Junction LLC.

Read more at San Jose Mercury News

Connect With JLL’s Seifer

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.