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San Jose site that could be redeveloped lands big real estate buyer

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SAN JOSE — A big real estate firm with holdings nationwide has bought an old industrial building in San Jose that occupies a site that could be redeveloped.

The purchase by TA Realty, which used an affiliate to buy a building and land at 2205 Fortune Drive, points to rising commercial property values in this section of the South Bay.

TA Realty paid $8 million for the property, according to documents filed on June 1 with the Santa Clara County Recorder’s Office.

The Boston-based development and investment firm acquired the building through an all-cash deal, the county property records show.

The just-bought building, constructed in 1979, totals 31,400 square feet, a post on the Commercial Cafe property site shows.

The property’s real value might reside within the land beneath the decades-old building, however.

The building occupies a 2-acre site. That means it could be possible to replace the existing structure with a modern office building that totals about 62,000 square feet, using typical development density guidelines.



SAN JOSE — A big real estate firm with holdings nationwide has bought an old industrial building in San Jose that occupies a site that could be redeveloped.

The purchase by TA Realty, which used an affiliate to buy a building and land at 2205 Fortune Drive, points to rising commercial property values in this section of the South Bay.

TA Realty paid $8 million for the property, according to documents filed on June 1 with the Santa Clara County Recorder’s Office.

The Boston-based development and investment firm acquired the building through an all-cash deal, the county property records show.

The just-bought building, constructed in 1979, totals 31,400 square feet, a post on the Commercial Cafe property site shows.

The property’s real value might reside within the land beneath the decades-old building, however.

The building occupies a 2-acre site. That means it could be possible to replace the existing structure with a modern office building that totals about 62,000 square feet, using typical development density guidelines.

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