Jim Mair Of South Bay Development Acquires Office Space From Chuck Robbins Of Cisco For $63M

The transaction involved the sale of office space located at 3750 Zanker Road and 260, 300, and 350 East Tasman Drive in San Jose. The sale price of the property amounted to $63,000,000, encompassing a total area of 700,000 square feet, resulting in a price per square foot of $90.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $63,000,000
• Address: 3750 Zanker Road, 260, 300 & 350 East Tasman Drive
• Market: San Jose
• Buyer: Jim Mair - South Bay Development
• Seller: Chuck Robbins - Cisco

Cisco sold over 700,000 square feet of office space across multiple buildings on its San Jose headquarters campus. The buyer, an affiliate of South Bay Development Co., acquired not only the office properties but also two parking structures associated with the sites.