Orchard Corporate Center Sells

South Bay Development Co, has sold the 101,374-square-foot Orchard Corporate Center to a local private investor. The office campus in San Jose sold for $47.79 million, which is approximately $471/sq ft.

Image via BizJournal

The properties at 2755 and 2777 Orchard Parkway are currently fully leased. The Class A buildings were developed by South Bay Development Co in 2017, and span 5.3 acres.  The properties are located less than a mile from the Bonaventura light rail station.

South Bay Development Co. has developed more than 35 million sq ft of commercial space since its inception in 1978, according to its website. The company headquarters are currently headquartered in Silicon Valley.

Read more from CoStar.

Keystone Commercial Brokerage serves the needs of commercial real estate investors in the Santa Clara and San Mateo counties, specializing in commercial property, multi-unit residential, office space, and multi-use property. Paul Phangureh has over 16 years of experience in buying and selling in the Santa Clara and San Mateo County areas. Contact Paul at 650-924-2544, or email at paul@keystonebrokerage.com.

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