SAN JOSE—Sources tell GlobeSt.com that DivcoWest and its jointventure partner Rockpoint Group havecompleted the purchase of Riverpark Towers, a600,000-square-foot class-A office complex near Diridon Station indowntown. The deal closed Wednesday and the recorded price is$283.5 million or $473 per square foot.
One tower includes 300 Park Ave., which is 2009-eraconstruction, and 93.5% leased. The other tower at 333 W. SanCarlos was built in 1987 and is 77% leased. The property overlooksthe land proposed for Google's campus and until Google builds, is theclosest class-A office complex to the main transit hub, DiridonStation. This is where Caltrain, the VTA and eventually BART willconnect. It is adjacent to the Guadalupe Freeway (SR-87).
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
