South Bay Realestate News – DR Stephens & Co

November 19th, 2011 05:00am

DR Stephens & Co Acquires Moutain View Flex Bldg
D.R. Stephens & Company, a real estate investment and management firm, acquired the flex building at 161 E. Evelyn Ave. in Mountain View, CA from South Bay Development Company for $5.95 million, or about $318 per square foot.The 18,693-square-foot facility was constructed in 1981 and fully renovated in 2000. It was 100% occupied by Duarte Design at the time of sale.Kalil Jenab of Cassidy Turley BT Commercial in East Palo Alto represented…
Kate Retzinger

E2V Aerospace & Defense Buys 68,000-SF Flex Bldg in Milpitas
D.R. Stephens & Company sold 765 Sycamore Dr. in Milpitas, CA to E2V Aerospace & Defense, Inc. for $6.37 million, or about $94 per square foot.This 67,760-square-foot flex building, constructed in 1982, is part of the Oak Creek Business Park in the Milpitas submarket. The building sits on 4.5 acres and features one loading dock and two drive-in bays.Kalil Jenab of Cassidy Turley BT Commercial in East Palo Alto, along with Nick Lazzarini of…
Cat Henderson

Market Trend: South Bay/San Jose's Retail Vacancy Decreases to 5.3%
The South Bay/San Jose retail market experienced a slight improvement in market conditions in the third quarter 2011.The vacancy rate went from 5.6% in the previous quarter to 5.3% in the current quarter. Net absorption was positive 424,588 square feet, and vacant sublease space decreased by 21,830 square feet.Tenants moving into large blocks of space in 2011 include: See Grins RV moving into 125,597 square feet at 7900 Arroyo Cir; Safeway…
Justin Sumner

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