The Stanley Group, Inc. is pleased to announce its acquisition of Bayshore Plaza, a six story 103,197 square-foot Class A multi-tenant office building located at 2107 North First Street in San Jose, CA.
“We are excited to own such a significant Class A office asset in North San Jose, said Russ Stanley, President of The Stanley Group. 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.” Mayor Liccardo’s strategy for residential development and tech growth puts North San Jose Property’s in a premier place going forward, says Stanley.
In addition to Bayshore Plaza, The Stanley Group, Inc. is under contract to purchase another North San Jose asset in the very near future reaffirming its bullish outlook on the market.
Will Connors and Dan Renz from Jones Lang LaSalle (JLL) Capital Markets represented both the buyer, The Stanley Group, Inc. and seller, TA Realty, allowing for a seamless sale of the property.
Bayshore Plaza was acquired for a purchase price of $35.5 Million. Bayshore Plaza is ideally located adjacent to the new Hyatt Hotel and five minutes from SJ Mineta International Airport. Bayshore Plaza has the advantage of having the Karina VTA/light rail stop in front of the building providing transit options for its tenants, their customers and employees.About The Stanley Group, Inc.
The Stanley Group, Inc. located in Campbell, CA, has over 30 years of experience specializing in the investment, development and management of commercial real estate primarily in Northern California. Its focus is on acquiring new and existing assets, repositioning those assets through improved management and capital improvements, retaining ownership and managing those assets for its own account.