SAN JOSE, CA—Irvine, CA-based Bixby Land Co.has sold a recently repositioned office campus on RiverOaks Parkway at Zanker Road here for $52.1 million. Thesale follows Bixby's successfuldevelopment of the office complex into a contemporarywork environment, an investment strategy that the developercontinues to execute throughout the state.
Bixby aggregated the three-building project in two separateacquisitions for $19.5 million back in 2011. Following acomprehensive redesign that transformed the project into a dynamicwork place, Bixby leased the entire 165,000-square-foot campus toNimble Storage for use as the data storage firm'sUS headquarters.
“We developed a vibrant, collaborative work environment with theimage and amenities that today's companies demand,” saysBill Halford, president and CEO of Bixby Land Co.“This is a fitting time to realize our investment objectivefollowing the successful renovation and leasing of theproject.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
