May 24, 2016 Comments Off on SteelWave Initiates America Center’s Final Phase Views: 458 Bay Area, California News, West

SteelWave Initiates America Center’s Final Phase

SF Dev team shovelslFoster City, CA-based SteelWave and partner USAA Real Estate Co. broke ground on the final phase of America Center in North San Jose, CA. Construction is underway on two, six-story buildings, totaling 450,000 square feet of office space.

Located off Highway 101 at Highway 237, America Center is a 70-acre former brownfield site, developed by Legacy Partners in 2009. SteelWave, formerly known as Legacy Partners, sold the site to USAA in 2013 for about $200 million, and remained as the development partner.

Newmark Cornish & Carey’s Phil Mahoney is handling leasing of America Center, with Randy Gabrielson and Julia Szabo. Mahoney says the property is located in a desirable path of “high-growth.” The property is expected to benefit from south migrating tenants in a supply-constrained market with few large blocks of space available.

Read More at San Jose Business Journal

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