(EDITOR’S NOTE: According to public documents cited by the San Jose Mercury News, the sale price came to $91.5 million, or just over $302 per square foot. The property last traded in November of 2013 for $62.3 million, or just around $206 per square foot.)
San Jose, CA (July 20, 2018) – NKF Capital Markets has announced the sale of Gold Street Technology Center, a 302,600-square-foot office/R&D campus located in San Jose. The property encompasses five separate, two-story steel-frame buildings at 2100, 2130, 2150, 2160, and 2190 Gold Street.
NKF Capital Markets Vice Chairmen Steven Golubchik and Grant Lammersen and Executive Managing Director Edmund Najera represented the seller, ECP, in the transaction to the buyer, PSAI Realty Partners.
Gold Street Technology Center provides high visibility and signage from its location on Highway 237. The five buildings are 88 percent leased anchored by the global headquarters of TiVo Corporation. Built in 1999, the property sits on 18.65 acres, within the 237 Corridor, providing close proximity to an abundance of executive and workforce housing options. Gold Street Technology Center also features green belts, fountains, courtyards, volleyball, and basketball courts.
“This property is highly attractive as it is well positioned along the 237 Corridor which already features one of the largest concentrations of high- profile corporate users and well-known and respected technology firms such as Samsung, Cisco, and Dell, among others, “ said Golubchik.
About NKF Capital Markets
NKF Capital Markets, operated by Newmark Group, Inc., is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.
Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.