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California  + Bay Area  + Industrial  | 

DivcoWest Partnership Nabs R&D Campus Off-Market

DivcoWest, a DivCore Capital company, in partnership with Grove Real Estate Partners, has purchased The Campus at Trimble, a 253,000-square-foot R&D campus located at 375-441 W. Trimble Rd. in North San Jose. Terms of the transaction, which was sourced and closed off-market, were not disclosed. Newmark represented the seller. 

“We are excited by the fundamentals underpinning high-quality R&D projects across Silicon Valley, particularly given the surge of tenant demand in the back half of 2025 amidst a lack of premium R&D supply,” said Elena Miller, head of Bay Area and Pacific NW acquisitions at DivcoWest. “This campus, acquired at a significant discount to replacement cost, provides a strong foundation for value creation.” 

The Campus at Trimble includes a mix of four single- and two-story Class A buildings which were completely renovated over the past several years. It is occupied by AutoX Technologies, an autonomous driving company; Cepton, a developer of Lidar-based automotive technology; and Verizon. 

 Photo courtesy of Newmark.

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DivcoWest's Miller

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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