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California  + Bay Area  + Office  | 

Exeter Snags San Jose R&D Facility for $36M

Conshohocken, PA-based Exeter Property Group acquired 1710 Automation Parkway in San Jose from Soma Capital Partners and Atlas Real Estate Partners for $36.2 million. The 196,647-square-foot R&D flex building  was previously occupied by Western Digital and is currently vacant.

The partial two-story building is a freestanding headquarter facility in the Silicon Valley’s North San Jose submarket. 1710 Automation Parkway recently underwent a substantial market-ready renovation by the sellers to prepare the building for lease up with full-building user identity.

NKF’s Steven Golubchik, Edmund Najera, Darren Hollak and Jack Phipps represented the buyers and sellers in the transaction.

Najera says, “1710 Automation is ideally located within proximity to some of the world’s most prominent technology companies and within a market that has experienced 12% rent growth over the past 24 months for R&D/Flex product.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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