Ridge Capital Investors & Westbrook Partners Acquire Mixed-Use Property In Morgan Hill For $45M

The mixed-use property located at 755 Jarvis Dr. in Morgan Hill has been sold in a recent transaction. The property, with a total area of 258,122 square feet, was acquired by Ridge Capital Investors and Westbrook Partners from Shoe Palace, represented by George Mersho. The sale was facilitated by CBRE, with brokers Brian Matteoni, Scott Prosser, Joe Moriarty, Jack DePuy, Rebecca Perlmutter, Brian Matteoni, and Chip Sutherland representing both the buyer and the seller. The sale price for this transaction amounted to $45,000,000, at a price per square foot of $174.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $45,000,000
• Address: 755 Jarvis Dr.
• Market: Morgan Hill
• Buyer: Ridge Capital Investors & Westbrook Partners
• Seller: Shoe Palace - George Mersho
• Brokers: Brian Matteoni, Scott Prosser, Joe Moriarty, Jack DePuy, Rebecca Perlmutter, Brian Matteoni & Chip Sutherland - CBRE
• SF: 258,122
• PPSF: $174

This transaction highlights the collaboration between Ridge Capital Investors, Westbrook Partners, and Shoe Palace, with George Mersho representing the seller. The involvement of CBRE as the broker further facilitated the successful completion of this sale, ensuring a smooth and efficient process for all parties involved.