Record price: Iconic downtown San Jose office tower is bought

Record price: Iconic downtown San Jose office tower is bought

5 years ago
Anonymous $9jpehmcKty

https://www.mercurynews.com/2019/06/25/record-price-iconic-downtown-san-jose-office-tower-bought-google-adobe/

SAN JOSE — A landmark downtown San Jose office tower topped by a KQED sign has been officially bought by veteran development firm Jay Paul Co. — a deal that appears to have set an all-time high price for an office property in the city’s urban core.

The 357,000-square-foot high rise at 50 W. San Fernando St. near South First Street was purchased for $238 million in cash by a Jay Paul affiliate operating as SJ 50 West SF, according to Santa Clara County property records filed June 21.