USAA Real Estate has plans to sell the America Center in San Jose, Calif., reported local media outlets.
The list price is estimated to be $625 million, which would make it the most paid for a single office property in San Jose history, reported Real Estate Alert. Currently holding the title is the $429 million sale of HQ @ First in 2019, reported The Silicon Valley Business Times.
The America Center consists of four six-story, class A buildings, totaling 880,807 square feet.
In 2013, USAA Real Estate acquired America Center I and II, 6001 and 6201 America Center Drive, a 430,852-square-foot, class A office project comprised of two six-story LEED gold-certified buildings and an adjacent 12.7-acre land site that was fully entitled to develop an additional two office buildings. The sales price was $186.1 million.
USAA developed two of the buildings, 6220 and 6280 American Center Drive with its partner Steelwave. The developing partnership
