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Drawbridge Acquires San Jose Digs

SAN JOSE, CA–The $37.5 million acquisition encompasses a two-building campus at 5300-5350 Hellyer Avenue that is 100% NNN leased through May 2022 to Cobham Electronic Systems.

By Lisa Brown | Updated on April 29, 2015

SAN JOSE, CA–The 160,000-square-foot, two-building, 10.49 acre campus at 5300-5350 Hellyer Avenue was acquired by Drawbridge Realty LLC for $37.5 million or $234 per square foot. The combined buildings are 100% NNN leased through May 2022 to Cobham Electronic Systems.

Joe Moriarty of CBRE represented the seller, Hellyer Avenue Limited Partnership backed by Carl Berg. The South San Jose submarket is experiencing increased leasing activity due to supply and pricing constraints in the northern valley submarkets so this is a significant sale in the South Bay. San Jose was recently named one of the top 10 growth sectors in the country with employment from tech companies fueling the economy and development.

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