SAN JOSE, CA—HFF has closed the $40 million sale of Community Towers, a two-building, 309,235-square-foot, transit-oriented office complex in downtown San Jose.
HFF marketed the property on behalf of the seller. The property sold for $40 million free and clear of existing debt.
Community Towers, located at 111 West St. John Street & 111 North Market Street, is adjacent to the popular San Pedro Square and within close proximity to San Jose's SAP Center. The property provides immediate access to major transportation corridors including Interstates 280, 680 & 880, as well as US 101, and is a five-minute drive to San Jose's Norman Y. Mineta International Airport.
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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.
