June 12, 2019
Campbell, CA-based The Stanley Group, Inc. acquired Bayshore Plaza, a six-story 103,197 square-foot Class A multi-tenant office building in San Jose, CA from TA Realty for $35.5 million. Located at 2107 North First Street, the property is adjacent to the new Hyatt Hotel, has the Karina VTA/light rail stop in front of the building and is near the airport.
The Stanley Group’s Russ Stanley says, “We are excited to own such a significant Class A office asset in North San Jose. The North San Jose market continues to grow and expand with large tenants such as Google, Apple and many other tech companies relocating to North San Jose from nearby cities.”
JLL’s Will Connors and Dan Renz represented both the buyer and seller.
In addition to Bayshore Plaza, The Stanley Group, Inc. says it is under contract to purchase another North San Jose asset in the very near future, reaffirming its bullish outlook on the market.
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