KBS, an owner and operator of commercial real estate nationwide, announced the sale of The Almaden, a three-building, 416,126-square-foot class A office campus in the heart of downtown San Jose. The Almaden was owned by KBS Real Estate Investment Trust III, an affiliated KBS real estate investment trust. The asset was acquired by SFF Realty Partners.
According to Giovanni Cordoves, western regional president at KBS, the transaction reflects KBS’ disciplined portfolio management approach while reinforcing the firm’s continued commitment to Silicon Valley.
“San Jose remains a market where we see durable, long-term value,” said Cordoves. “Our recent leasing success at nearby Ten Almaden, including a long-term lease with a well-known law firm, demonstrates our continued presence in the submarket. Our team focused on maintaining a high-quality workplace environment and positioning The Almaden for its next chapter.”
Tim Helgeson, senior vice president and
