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California  + Office  | 

Japan’s Mori Trust Lands North San Jose Office Campus for $429M

Tokyo-based developer and real estate investor Mori Trust affiliate, MT Silicon Valley One, is acquiring a three-building office campus in San Jose from Menlo Park-based Lane Partners for $429-million. The all-cash deal for the property, that’s fully leased to Micron Technology, would rank as Silicon Valley’s largest so far in 2019.

The complex at 110, 120 and 130 Holger Way encompasses 604,000 square feet, as well as a multi-level parking garage. Located near the interchange of State Route 237 and Zanker Road, the property was leased in its entirety by Boise, ID-based Micron Technology last year.

Cushman & Wakefield’s Eric Fox told the San Jose Mercury News, “At a high level, this deal shows the interest on the part of global investors in Silicon Valley, the world’s premier technology market.” It also reflects the growing strength of the north San Jose submarket that’s seen a number of properties trade hands recently.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at San Jose Mercury NewsConnect With Mori TrustConnect With Lane PartnersConnect With Cushman & Wakefield’s Fox

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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