Next Decade’s Infrastructure Upgrades Ensure Tech City’s Appeal

One Eleven Market Square is a two-tower office property in San Jose (photo courtesy of Jeff Peters).

SAN JOSE—This city continues to draw investor interest with its ties to the tech industry and commitment to business growth. Citing Downtown San Jose’s changes to the real estate landscape, major infrastructure improvements during the next decade and overall office market appeal, an investor sees the trend continuing to the point of making it official in the form of a purchase.  

One Eleven Market Square, a 320,559-square-foot office property in downtown has sold to San Francisco-based real estate firm Ridge Capital Investors LLC. Ridge purchased the property in partnership with an undisclosed commingled discretionary equity fund. Independent investment firm Swift Real Estate Partners sold the property after the completion of significant capital improvements in slightly more than two years of ownership.