SANTA CLARA, CA—Bixby Land Company has closed on its largest Silicon Valley acquisition to date with the purchase of Lake Park Business Center. The seven-building, 405,330-square-foot office project was purchased from Divco West at an undisclosed price.
Bixby plans to invest $20 million to reposition the project into a contemporary workplace, following several successful Silicon Valley office campus projects by Bixby that have been well received by tenants in the past two years.
“This project is at the center of the booming business activity surrounding Levi's Stadium,” said Bill Halford, president and CEO of Bixby Land Company. Lake Park Business Center is just west of the new home for the San Francisco 49ers, and that massive project has led to heightened interest in this submarket.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
