JEMCOR Development Partners And Scaled Projects Acquire Santa Clara Office Property From O2Micro For $12.5M

The asset involved in this transaction is a 37,180-square-foot office and R&D property located at 3100-3118 Patrick Henry Drive in Santa Clara. The property, situated on a 2.5-acre site, was acquired for $12.5 million and is zoned for high-density residential redevelopment within the Patrick Henry Drive Specific Plan area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,500,000
• Buyer: JEMCOR Development Partners & Scaled Projects
• Seller: O2Micro Global Limited
• Brokers: Jason Parr & Scott MacDonald - Berkadia
• Site Area: 2.5 acres
• Square Footage: 37,180
• Market: Santa Clara

An affiliate of JEMCOR Development Partners and Scaled Projects was involved in the acquisition of the property, showcasing the coordination and strategic planning by these firms in the real estate market. Jason Parr and Scott MacDonald, representatives from Berkadia, facilitated the transaction, providing crucial brokerage services in this deal.