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Bailard Buys District 237 Asset in San Jose from KBS
Foster City-based Bailard acquired 250 Holger Way at District 237 in San Jose from KBS’ KBS Real Estate Investment Trust II for $38.25 million. The independent wealth and investment management firm claimed a 76,410-square-foot asset that is part of the larger Class A, 415,492-square-foot office/R&D complex.
Earlier this year, KBS sold two buildings comprising 142,710 square feet at District 237, to Miami-based EXAN Group for $95.2 million.
KBS’ Gio Cordoves notes the sale of 250 Holger Way at District 237 represents ongoing interest in high-quality office/R&D properties located in the epicenter of key markets throughout the country. He says, “The sale of three out of the eight buildings comprising more than 200,000 square feet at this property in less than four months in the midst of a global pandemic demonstrates investors’ confidence in this sector well into the future.”
CBRE’s Joe Moriarty, Scott Prosser, Jack DePuy, Russell Ingrum, Brad Zampa and Mike Walker brokered the sale. The buyer was self-represented.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


