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Davis Expands R&D Strategy into Silicon Valley
DIV Rio Robles Owner, LLC, an affiliate of Davis Management Company, LLC, has acquired 51 Rio Robles, an approximately 65,000-square-foot research & development and advanced manufacturing building located in North San Jose. The building is currently 100% leased to a green technology company.
The acquisition was brokered by Andy Zighelboim, Kevin Moul, Brad Idleman and Bob Gilley of Colliers. It represents the first California deal for Davis Investment Ventures Fund V.
“51 Rio Robles provides an exciting opportunity for Davis to expand its R&D strategy into Silicon Valley,” said Brendan Richards, VP of investments at Davis. “The property brings together several characteristics we look for within our national R&D portfolio: substantial power capacity, existing technical infrastructure, and a location within one of the country’s largest concentrations of technology companies. Our planned improvements, including new base building systems, will position the building to better serve companies in AI, semiconductors, robotics, and other advanced technology industries.”
- ◦Sale/Acquisition
