Westcore Properties LLC paid $46.7 million to Minneapolis-based Eagle Ridge Partners LLC for five R&D and office buildings in San Jose, Calif.

The buildings, located at 1710, 2010, 2030 and 2040 Fortune Drive and 1953-1965 Concourse Drive, are located on 24 acres in the International Business Park. The total space comprises 430,000 square feet.

“We are planning a major renovation to upgrade the park and suite interiors, which will increase marketability. The current project vacancy coupled with a recovering R&D/office market will provide upside opportunity,” Neil Johnson, director of acquisitions for Westcore in Northern California, said in a statement.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×