Investors See Value in Walkability Near Transit

TMG renovated the interiors and common area amenities (photo courtesy of David Wakely).

SAN JOSE—Champion Station is a light rail stop steps from retail on North First Street and approximately one half mile from Levi’s Stadium. TMG Partners initially purchased the eight-building 810,000-square-foot campus from Cisco Systems in 2013. Immediately thereafter, TMG embarked on a major renovation of the building exteriors, interiors and common area amenities, as well as establishing a master signage and branding program.

TMG subsequently sold four buildings to an investor in 2014 and the remainder of the project is occupied by ForeScout Technologies and Silver Spring Networks. The 95,550-square-foot building at 250 West Tasman Dr. has just been sold to a corporate user, says TMG Partners.