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Davis Investment Ventures Fund buys 51 Rio Robles in San Jose
The roughly 65,000-square-foot R&D and advanced manufacturing building was 100% leased to a green technology tenant at the time of the purchase.
ConnectCRE reports that DIV Rio Robles Owner, LLC, an affiliate of Davis Management Company, LLC, acquired 51 Rio Robles in North San Jose.
The property spans about 65,000 square feet and is set up for research and development and advanced manufacturing, according to the report.
ConnectCRE says the building was 100% leased to a green technology company when the deal closed, and that the acquisition was brokered by Colliers.
The transaction is described as the first California deal for Davis Investment Ventures Fund V, with Davis VP of investments Brendan Richards saying the site supports the company’s R&D expansion strategy into Silicon Valley.