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SAN JOSE-Bixby Land Co., in a venture with Cornerstone Real Estate Advisors, has purchased Trimble Technology Park here for $29.5 million from Rockpoint. The purchase, made on behalf of one of its institutional clients, equates to $126 per square foot.

Bixby plans to invest $23 million in repositioning and rebranding the four-building office campus, including exterior renovations, outdoor areas and the addition of 16,000 square feet of new office space. It will be the firm’s third major redevelopment of an office campus in North San Jose in the past 12 months.

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