The Stanley Group, Inc. has purchased Valley Office Centre, a two building complex containing adjacent two-story multi-tenant office buildings totaling 72,832 square feet located at 2611/35 North First Street in San Jose, CA.
“We are excited to acquire arguably the best site in North San Jose. This prime 5 acre corner parcel is perfectly positioned for future redevelopment given its location, prominence, size and zoning” said Russ Stanley, President of the Stanley Group, Inc.
The site is located directly on North First St. with a VTA with a stop in front of the complex and has a speciatly zoning of TEC (Transit Employment Center) allowing for significant density and a multitude of uses including corporate campus or high density housing, said Russ Stanley, president of The Stanley Group, Inc.
Mark Giovanzana of Colliers International represented both the buyer, The Stanley Group, Inc. and Seller, Green Valley Corp., allowing for a seamless sale of the off market transaction.
Valley Office Centre was acquired for a purchase price of $29.7 Million. Valley Office Centre is ideally located In the golden triangle of San Jose, being close to 101, 880, San Jose Mineta International Airport, and public transportation.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.