USAA Real Estate sells San Jose office campus

USAA Real Estate has sold Phase I of America Center, which includes two six-story class A office buildings totaling 427,600 square feet and a development parcel in North San Jose, Calif.

The new owner is Shorenstein Properties. The sales price was not disclosed.

Completed in 2009, Phase I of America Center is LEED Gold certified and 98 percent leased, with a weighted average lease term of 2.9 years. On-site amenities include jogging and biking trails, full-service cafeterias, a fitness center, a sports park and expansive outdoor gathering space. The offering also included an entitled development site for a new six-story, 200,000-square-foot office building, providing future growth opportunity for existing tenants.

America Center Phase I is located within the five-building America Center complex at 6001 and 6201 America Center Dr. on the border of Santa Clara and North San Jose. The property’s location along Highway 237 provides immediate connectivity to Inter