Dollinger Properties has purchased Valley Creative Center, an office property in the Silicon Valley, for $56 million from Vista Investment Group. The property is a six-building R&D/office campus totaling 166,928 square feet.

Vista Investment Group had completed several capital improvements before the sale of the property. Those improvements included a new exterior façade, grade loading and additional parking. The buyer was especially attracted to the location, which is in the Golden Triangle Area of North San Jose. In addition to proximity to the 101, 880 and 87 freeways, the property is also walking distance to a light rail station and minutes from the San Jose International Airport. The property is also close to Downtown San Jose, providing immediate access to restaurants and retail.

Cushman & Wakefield brokers Alan Guterman, Jon DeCoite, Steve Horton and Kelly Yoder represented the buyer in the deal, and they will handle leasing at the property.