November 9, 2015
Commercial real estate lender PCCP is getting busier in the Bay Area.
The company provided a senior loan to ProspectHill Group and SKS Partners to purchase a 65,188-square-foot building in San Jose from a private investor. The office/R&D building has been vacant since 2012, when SVTC Operations vacated the property, which is located on the North First Street Corridor.
The new owners of the building intend on doing some major renovations, including improving the exterior, revamping the plumbing and electrical systems and adding a new tenant-amenity area.