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1601 Technology Drive
SOLD

Kaiser Permanente Acquires 5.29-Acre Land In San Jose For $43.5M

1601 Technology Drive

Land
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Summary

Sale
CALIFORNIA
Land

Kaiser Permanente has acquired a 5.29-acre land located at 1601 Technology Drive in San Jose for a price of $43,500,000. The property, previously owned by Hudson Pacific Properties Inc., was initially planned for an office building. This transaction reflects the changing trends in Silicon Valley's remote work and office vacancies. The land is situated near Kaiser Permanente's Skyport Medical Offices and the purchase aims to support the expansion of healthcare services.

Summary of transaction details

  • Property Type: Land
  • Sale Price: $43,500,000
  • Address: 1601 Technology Drive, San Jose
  • Market: San Jose
  • Buyer: Kaiser Permanente - Gregory A. Adams
  • Seller: Hudson Pacific Properties Inc. - Victor Coleman

This acquisition by Kaiser Permanente demonstrates their commitment to expanding healthcare services in the North San Jose area. The purchase of the 5.29-acre lot aligns with their strategic goals and allows for future development opportunities.

Details

Deal Summary
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SOLD
IMAGE: Victor Coleman & Gregory A. Adams DATE: 11/27/2023 ADDRESS: 1601 Technology Drive MARKET: San Jose ASSET TYPE: Land ~ ACRES: 5.29 BUYER: Kaiser Permanente (@KPThrive) - Gregory A. Adams SELLER: Hudson Pacific Properties Inc. (@HudsonPPI) - Victor Coleman SALE PRICE: $43,500,000 NOTE: Kaiser Permanente has bought a 5.29-acre lot near its Skyport Medical Offices in North San Jose for $43.5 million, aiming to expand healthcare services. The purchased property, initially planned for an office building by Hudson Pacific Properties, reflects changing trends in Silicon Valley's remote work and office vacancies.

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Address1601 Technology Drive

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