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Transwestern Divests 300K-SF Office Park in San Jose for $84M
Transwestern Investment Group reportedly sold Central Park Plaza, 300,000-square-foot office park in San Jose, to Preylock Real Estate Holdings for $83.8 million. The asset, located at 2833 – 2841 Junction Ave. and 2860 – 2890 Zanker Rd., was sold on behalf of TSP Value and Income Fund I.
Constructed in 1986, the property consists of six, two-story Class A office buildings in North San Jose. The multitenant project is leased to 56 tenants. During the hold period, ownership completed several capital renovation projects, including updating the courtyard and deli, building a new state-of-the-art conference center, and creating several high-tech speculative suites, which helped boost leasing efforts.
HFF represented the seller in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


