Quentin Reynolds & Brendan Richards Of The Davis Companies Acquire Mixed-Use Asset In San Jose For $17M

The property involved in this transaction is a mixed-use building located at 51 Rio Robles, San Jose, CA. The asset has a sale price of $17,000,000 and a total square footage of 65,000, translating to a price per square foot of $262.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $17,000,000
• Square Footage: 65,000
• Address: 51 Rio Robles
• Market: San Jose, CA
• Buyer: Quentin Reynolds & Brendan Richards - The Davis Companies
• Tenant: Maxeon

This transaction was marked by the acquisition of the research-and-development and office building by The Davis Companies, a Boston-based firm. The company's intent focuses on repositioning the property with upgrades, aiming to capitalize on the increasing demand for research and development in Silicon Valley, alongside trends in manufacturing onshoring and a constrained market supply.