A local private investor has purchased Orchard Corporate Center from South Bay Development Co. The 101,374-square-foot office campus in San Jose sold for $47.79 million, or approximate $471/sq ft.
The properties at 2755 and 2777 Orchard Parkway are fully leased. Developed by South Bay Development Co in 2017, the Class A buildings are less than a mile from the Bonaventura light rail station, and span 5.3 acres.
According to it’s website, South Bay Development Co. has developed more than 35 million sq ft of commercial space, since its inception in 1978. It is currently headquartered in Silicon Valley.
