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JV Makes 57-Acre Land Buy for Development

SAN FRANCISCO, CA-The land site in San Jose, purchased from Cisco Systems Inc., could potentially include up to 1 million square feet of industrial and office space.

By Natalie Dolce | Updated on May 06, 2013

SAN FRANCISCO, CA-Trammell Crow Co. and joint venture partner Principal Real Estate Investors have purchased a 57-acre land site from Cisco Systems Inc. located near the existing Cisco campus in North San Jose, CA. According to a prepared statement, the venture is evaluating a number of opportunities on the land, including speculative industrial development, land parcel sales and build-to-suits.

Rob Shannon, SVP with CBRE in San Jose, CA represented the joint venture in the deal. The project marketing team will also include Chip Sutherland, SVP with CBRE in San Jose, CA.

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