Shorenstein Properties has acquired the first phase of the America Center in North San Jose from USAA Real Estate. The property has two six-story buildings totaling 427,600 square feet and a development parcel. The sales price was not disclosed.
The property is part of the five-building America Center, an office campus that serves Silicon Valley, East Bay and Oakland. The first phase was built in 2009. It features a LEED Gold certification, and high-end onsite amenities, like jogging and biking trails, cafeterias, a fitness center, a sports park and outdoor gathering space.
JLL represented the seller in the deal and secured debt on behalf of the borrower. The Capital Markets team included senior managing directors Will Connors, Michael Leggett and Rob Hielscher, senior director Daniel Renz and director Michael Manas. Senior managing director Bruce Ganong, managing director Geoff Goldstein and analysts Spencer Bergthold and Auden Menke secured acquisition financing.
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