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SAN JOSE-SSR Realty Advisors, Inc. has acquired a brand-new office building in San Jose on behalf of a public plan separate account for $10.5 million.

The seller, Kennedy Associates, sold the 42,000-sf building on behalf of a pension fund client. The property, located at 405 River Oaks Parkway, is phase II of a two-building project. Phase I is 401 River Oaks Parkway, which was acquired by SSR last year on behalf of the same client.

Both properties are fully leased to WJ Communications, a designer, developer and manufacturer of broadband communication products.

“The River Oaks Parkway properties are situated in the heart of Silicon Valley, in a mature in-fill area of Northern San Jose known as the Golden Triangle,” says Kathy Malitz, SSR Realty Director of Portfolio Management. “The buildings offer state-of-the-art facilities, and we believe they are superior to competing properties in the area.”

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