Transit-Oriented LINQ Sells for $103.8M

LINQ is located at 1700 Newbury Park Dr. less than a half mile from the future Berryessa BART station.

SAN JOSE—LINQ, a 230-unit transit-oriented multifamily community, has been sold for $103.8 million. JLL marketed the property exclusively on behalf of the seller, a partnership between Republic Urban Properties LLC and The Core Companies, and procured the buyer, Stockbridge, on behalf of the firm’s Value Fund III, a closed-end value-add vehicle.

LINQ is located at 1700 Newbury Park Dr., less than a half mile from the future Berryessa BART station. The property is less than 10 minutes from downtown San Jose, where more than 10 million square feet of commercial space is expected to deliver in the next 10 years. Amenities at the community include a pool and spa, fitness center, yoga center, outdoor courtyard with grilling stations and a 7,400-square-foot Skydeck with 360-degree views of the Silicon Valley. Floor plans include a variety of studio, one- and two-bedroom options averaging 818 square feet with features, including stainless-steel appliances, plank flooring, in-unit washers and dryers and personal balconies. In addition, the property encompasses more than 11,000 square feet of ground-floor retail, which is 100% occupied.