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Sign in Sign up for a FREE subscriptionMachine Investment Group acquires office in San Jose, Calif., for $32m
Machine Investment Group has acquired 1010 Rincon Circle in the North San Jose submarket of Silicon Valley.
Machine partnered on the deal with Baudpont Capital, purchasing the property off-market from a private owner for $32.6 million.
1010 Rincon Circle is a class-A, 90,871-square-foot R&D flex office building. The property has a two-story lobby with floor-to-ceiling glass windows, 16-foot clearance heights, ample parking, and newly renovated outdoor amenities. The property is two miles from New Milpitas BART Station, 3.5 miles from San Jose International Airport, and a five-minute walk to public transit.
1010 Rincon Circle is 100 percent occupied by Quanta Cloud Technology, a subsidiary of Quanta Computers. The Global Fortune 500 company, publicly traded on the Taiwan Stock Exchange, has more than 70,000 employees worldwide.