San Jose Developer Intelli Acquires Nova Alianca Hall For $2.4M With BUYER's Rep Do Van Tron & SELLER Sociedade Filarmonica Nova Alianca

San Jose developer Intelli, led by Do Van Tron, has acquired Nova Alianca Hall for $2.4 million. The property is located at 37 North 27th Street in San Jose and is classified as a Special Purpose asset. The sale took place on November 2, 2023. The seller of the property was Sociedade Filarmonica Nova Alianca.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $2,400,000
• Buyer: Intelli - Do Van Tron
• Seller: Sociedade Filarmonica Nova Alianca

David Taxin from Meacham Oppenheimer represented the buyer, Intelli, in the transaction. Intelli plans to leverage the property's proximity to a future BART station site and San Jose's support for high-density development near the 28th Street/Little Portugal BART station. They have envisioned building 80 units on the property, aligning with the city's goals for increased housing density in the area.