Shorenstein Goes Big for America Center Phase I

The sale and financing are complete on 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. The buyer was Shorenstein Properties and terms of the transaction were undisclosed.

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. 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 freeway connectivity and the surrounding area includes @First Retail Center, Levi’s Stadium, the adjacent Aloft Hotel and the future Related Santa Clara project.

JLL represented the seller, USAA Real Estate, and procured the buyer. Additionally, JLL placed the acquisition financing on behalf of the new owner.