San Diego-based PMB and Chicago-based Harrison Street Real Estate Capital are planning to build a new 200 SF medical office building on a 2.4-acre site in San Jose the developers purchased this month from West Bay Development for $26.2M in an all-cash deal.
The site at 1410 Bascom Avenue, adjacent to the Bascom Station light rail stop, is a portion of a triangle-shaped seven-acre property site where a mixed-use project known as Bascom Station is being built at the corner of South Bascom Avenue and Southwest Expressway.
In 2018, Forum Real Estate Group and Bay West bought the seven-acre site for Bascom Station for $37.3M. The partners have demolished the retail properties on the site, which included a Dick's Center and a Greek restaurant known as Zorba, to clear the way for development.
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.
