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Tech Parks Rock with Investors

NORTH SAN JOSE—There is significant tenant demand in North San Jose as high-quality space has become hard to find in markets like Mountain View, Sunnyvale and Cupertino.

By Lisa Brown | Updated on December 09, 2015

NORTH SAN JOSE—Long-term leases, strong cash yield, potential re-tenanting opportunity, discount to replacement cost and excellent market fundamentals are what sets a property apart from others in the competitive Silicon Valley market. This is what made the Ridder Park Technology Center an appealing investment target.

It is so appealing, in fact, that the 238,342-square-foot creative office/R&D campus has been acquired for $51.5 million. The buyers are a joint venture partnership between Graymark Capital Inc. and New York Life Real Estate Investors. The seller was undisclosed.

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