Bixby Land Co. Sheds $52M Office Campus

SAN JOSE, CA—Irvine, CA-based Bixby Land Co. has sold a recently repositioned office campus on River Oaks Parkway at Zanker Road here for $52.1 million. The sale follows Bixby’s successful development of the office complex into a contemporary work environment, an investment strategy that the developer continues to execute throughout the state.

Bixby aggregated the three-building project in two separate acquisitions for $19.5 million back in 2011. Following a comprehensive redesign that transformed the project into a dynamic work place, Bixby leased the entire 165,000-square-foot campus to Nimble Storage for use as the data storage firm’s US headquarters.