KBS has sold an additional building at District 237, a class A, 415,492-square-foot office/R&D complex in San Jose, Calif.
250 Holger Way was owned by KBS Real Estate Investment Trust II. The 76,410-square-foot building was sold to San Francisco Bay Area Bailard for $38.25 million.
“KBS has a long history of identifying and acquiring assets positioned for strong performance in markets where tenants want to be located, and District 237 is clearly one of those assets,” said Gio Cordoves, regional president, western region. “The sale of three out of the eight buildings comprising more than 200,000 square feet at this property in less than four months in the midst of a global pandemic demonstrates investors’ confidence in this
