Machine Investment Group has launched its business with the $54.5 million acquisition of Stevens Creek Executive Park in San Jose.
Under the leadership of real estate veterans Andy Kwon and Eric Rosenthal, previously senior leaders of real estate investing at Garrison Investment Group, Machine acquired the site, which currently consists of 164,986 square feet of existing offices and entitlements for 582 multifamily units, 10,000 square feet of retail, and additional office space on the 9.23-acre site.
Centrally located in San Jose within the desirable Cupertino Union School District, less than two miles from both Apple’s global headquarters and the Santana Row luxury shopping district, the Stevens Creek Executive Park site offers a stellar location. With this acquisition, Machine and joint venture partner Miramar Capital Advisors have gained control of more than 9 acres of entitled land in a highly desirable, growth constrained market.
“Our first acquisition
