Windy Hill Property Ventures and Rockwood Capital acquired Vespaio, a class A multifamily community in San Jose, for $83.5 million, according to various media outlets. The seller was Hudson Companies. Cushman & Wakefield arranged the sale and lined up acquisition debt financing for the buyer.
Located at 130 Stockton Ave., the seven-story apartment community was completed in 2020 and features approximately 165,000 square feet of residential space, as well as approximately 32,300 square feet of commercial space. The property is set on approximately 1.7 acres.
The community features one-, two- and three-bedroom floorplans ranging from 754 to 1,697 square feet. Electric vehicle charging stations, a barbecue area, and a media center and movie theater are among the property’s common-area amenities. The community is LEED Gold certified.
