SAN JOSE — A significant chunk of land and buildings next to a site where Microsoft is eyeing possible data centers in north San Jose was purchased for $200 million, documents show.
The 46.8 acres of land, near the corner of Trimble Road and Orchard Parkway, was bought in an all-cash deal through an affiliate of Irvine-based Goodman Management USA, a subsidiary of developer Goodman Group, according to documents filed on Sept. 30 at the Santa Clara County Recorder’s Office.
Australia-based Goodman Group is a developer and owner of an array of real estate asset types, including data centers, warehouses, large-scale logistics facilities, and business and office parks.
The property at 350 and 370 Trimble Rd. contains land and some buildings leased to Lumileds. The site is large enough to accommodate a wide variety of projects.
LBA Realty sold the property. In 2019, it was slated to become a tech village of offices, shops, restaurants and hotel facilities.
In 2022, LBA pursued a different proposal for an advanced manufacturing site. Construction never began on that development.
Prior to the just-completed $200 million deal, LBA Realty had sold off adjacent sites to Microsoft in two separate transactions – one in 2021 and the other in 2023.
Microsoft paid a combined 84.3 million for the adjacent properties. The tech company has floated a proposal to develop two data centers on the sites it bought along Orchard Parkway.
Related Posts:
- Raising Cane’s proposes new south San Jose location at furniture store site News SAN JOSE — Raising Cane’s Chicken Fingers is eyeing a new restaurant on a busy south San Jose street at a site now occupied by a furniture store, documents on file with city officials show. Related Articles San Jose hotel complex faces foreclosure as lodging market remains frail East Bay…
- Raising Cane’s proposes new south San Jose location at furniture store site News SAN JOSE — Raising Cane’s Chicken Fingers is eyeing a new restaurant on a busy south San Jose street at a site now occupied by a furniture store, documents on file with city officials show. Related Articles San Jose hotel complex faces foreclosure as lodging market remains frail East Bay…
- Next gen Xbox console has been cancelled claim insiders but Microsoft denies it Entertainment Xbox claims its partnership with AMD is still happening (Microsoft) As enthusiasm around Xbox sinks to an all-time low, Microsoft has denied rumours its next gen console has been cancelled. While it’s seemed like Xbox has been on a downwards trajectory for some time now, doubts around the console’s future…
- Xbox and Microsoft are ‘too big to care’ says FTC chair who predicted price hike Entertainment No longer the best deal in gaming (Microsoft) The former FTC chair has pointed out she was right all along, in her attempt to block Microsoft’s acquisition of Activision Blizzard and following the recent Xbox Game Pass price hike. Microsoft’s announcement of a 50% price increase for Xbox Game Pass…
- Health centers face risks as government funding lapses News Paula Andalo, KFF Health News About 1,500 federally funded health centers that serve millions of low-income people face significant financial challenges, their leaders say, as the government shutdown compounds other cuts to their revenue. Related Articles Bipartisan US governors’ group faces division over Trump’s deployment of troops to states Closed,…
(Visited 1 times, 1 visits today)