KBS has sold two additional buildings at District 237, a class A office/R&D complex in San Jose, Calif.
The buildings at 100 Headquarters Drive and 200 Holger Way were owned by KBS Real Estate Investment Trust II, and 142,710 square feet of the properties were sold to independent real estate fund and asset management company EXAN Group for $95.2 million.
District 237, formerly known as Corporate Technology Center, is located in the North San Jose submarket of the Silicon Valley, a highly desirable area of Northern California among office users, according to Rodney Richerson, regional president, western region, for KBS.
“KBS consistently identifies exceptionally well-located assets in markets where powerful value creation is possible,” said Richerson. “North San Jose, with its close proximity to tightly occupied Silicon Valley cities such as Palo Alto and Mountain View, is one of those markets. Tech tenants who like Silicon Valley
