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HQ @First

HQ @First Provides Hefty Profit in Recent Sale

HQ @First was recently acquired by an affiliate of New York City-based KKR for $535 million. KKR obtained a $408 million loan from JPMorgan Chase at the time of the purchase.

The three-tower 561,500-square-foot office complex is adjacent to State Route 237 near North First Street in San Jose. Its addresses are 110, 120 and 130 Holger Way and the large adjacent parking garage is located at 95 Headquarters Dr. An adjacent retail center has tenants Target, shops and restaurants.

Newmark’s Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak facilitated the transaction.

The seller was Mori Trust Co. Ltd., a Japan-based major real estate developer. In 2019, Mori Trust paid $429 million and in 2017, Lane Partners paid $225.5 million for HQ @First.

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HQ @First

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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