W.F. Batton Management Company Buys Two 64,000 SQFT Office Buildings in North San Jose for $41.5MM

TA Realty, San Jose, W.F. Batton Management Company, North San Jose, Bay Area, San Carlos, Ebay, RIVIAN, Takara Bio USA, Boston, Santa Clara, DPR, San Francisco, Redwood City, Sacramento, California, Florida, Texas
Courtesy of CBRE

By Kate Snyder

North San Jose continues to be a place of sales activity with the recent acquisition of two office buildings on Orchard Parkway. W.F. Batton Management Company, a real estate development and investment firm, purchased the buildings for $41.5 million, or approximately $322 per square foot, according to a report by The Mercury News, which first reported the transaction. The seller was an entity affiliated with Boston-based TA Realty.

The two buildings are located at 2580 and 2590 Orchard Parkway and are approximately 64,512 square feet each. The area is heavy with commercial and industrial sites. Nearby corporations include offices for Ebay, RIVIAN and Takara Bio USA. According to marketing information from CBRE, which is attempting to lease the building at 2580 Orchard Parkway, that property also features a shared gym, dock-level loading and a new lobby. The building at 2580 Orchard Parkway is currently 26 percent leased to FIT Electronics.

Joe Moriarty, Scott Prosser and Jack DePuy of CBRE’s Capital Markets team represented the seller.

“The Silicon Valley R&D market has remained resilient. Valley Research Center’s state-of-the-art improvements and location in the Golden Triangle, amongst high-cap technology companies, provide a huge upside opportunity for those looking for access to world-class talent and innovation,” said Moriarty, executive vice president of CBRE.

Founded in 1967, W.F. Batton Management Company is a commercial and industrial real estate development company based in San Carlos. The company specializes “in buildings that span one of the most desirable areas in the country,” according to the company’s website.

“Our philosophy is simple, we believe that building long-lasting, trusting relationships with our tenants is the best way to do business,” the firm’s website states. “Our goal is to help provide your business with all the support needed to ensure growth and productivity at the highest level.”

Earlier this year, an entity associated with developer W.F. Batton and the Batton family trust and its members sold a 144,277 square foot property at 5201 Patrick Henry Drive in Santa Clara for $49.37 million, or roughly $342 per square foot, according to previous reporting by The Registry. DPR, a national construction company which has offices in San Francisco, Redwood City, San Jose and Sacramento, was listed as the buyer.

TA Realty is a real estate investment firm and has acquired, invested in and/or managed more than $36 billion of real estate on behalf of institutional investors and clients from around the world, according to the company’s website. The firm was founded in 1982 and has offices in California, Florida and Texas.

West Coast Commercial Real Estate News