Amenity-Rich Campus Replaces Tired Park

SAN JOSE–Bixby Land Company‘s vision for the redesign and rebranding of an obsolete office park at Trimble Road and Orchard Parkway paid off with the $96 million sale of The Campus to MCP Trimble Campus LLC. Bixby, in a venture with real estate investment manager, Cornerstone Real Estate Advisers (which acted on behalf of an unnamed institutional client), transformed the 250,000-square-foot office park into a contemporary work environment. The seller was represented by CBRE‘s Northern California Capital Markets Group.

Bill Halford, CEO of Bixby Land Company, tells GlobeSt.com: “We developed The Campus specifically to appeal to progressive companies that wanted a dynamic work environment. Tenant interest in the project was very strong and the success of this project confirms our belief that given the choice, this is the kind of space companies prefer.”