Originally acquired in June 2005, the property is a Class A
office, research and development building comprised of 85,000 rentable square
feet. Amenities at the property include 10-foot ceilings, 277 parking spaces
and a 28-foot-clear loading area served by two dock-doors. The property also
provides accessibility to Montague Expressway.
3200 North First Street is located in Silicon Valley and is
under four miles from the Norman Y. Mineta San Jose International Airport and
less than three miles from Levi’s Stadium.
Eastdil Secured represented both SPI Holdings and KBS in the transaction.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements relating to KBS’s ability to invest in and manage a diverse portfolio, and the performance of 3200 North First Street and of the San Jose real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or 3200 North First Street actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.