The Rose Orchard office/R&D complex is on an 18-acre site totaling 315,000 square feet.
SAN JOSE—Shorenstein Properties LLC sold the Rose Orchard campus to Drawbridge Realty Management. The terms of the transaction were not disclosed.
The Rose Orchard complex, located within the Golden Triangle at 180 Rose Orchard Way, comprises five office and research and development buildings on an 18-acre campus totaling 315,000 square feet. The property has access to State Route 237, US Highway 101, Interstate 880 and other major thoroughfares.
Following its acquisition of the property in 2015, Shorenstein invested significant capital and undertook an expansive renovation of Rose Orchard. At the time, Rose Orchard was approximately 30% leased, and four out of five buildings on the campus stood vacant.
In the last four years, Shorenstein has substantially improved the vacant buildings, including upgrading the entryways and lobbies, building out the interior space with creative and functional finishes, and adding outdoor collaborative space. Today, three of the previously vacant buildings have been leased to new tenants, and an existing tenant has leased the fourth, further expanding its presence at the property. The creative work environment is now 100% leased.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
