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North San Jose’s Orchard Corporate Center Sold for $48M
Orchard Corporate Center, a newly-constructed 101,374-square-foot Class A office/R&D campus in North San Jose, CA, traded hands for $47.8 million. Silicon Valley-based South Bay Development Company, which constructed the two-building campus in 2017, divested the property to an entity affiliated with San Francisco Prosperity.
Cushman & Wakefield’s Eric Fox, Adam Lasoff, Seth Siegel, Steve Hermann, and Ryan Venezia advised the seller. Cushman & Wakefield’s Nick Lazzarini and Kalil Jenab provided local market advisory, and also negotiated the leases with the current tenants. Both buildings were 100% leased at the time of sale.
Situated on 5.31 acres, the one and two-story buildings are located at 2755 and 2777 Orchard Pkwy. in the heart of San Jose’s North First Street Corridor.
Fox notes, “The property represents the first new construction project on Orchard Parkway in 17 years.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


