SAN JOSE — A large serious estate company with holdings nationwide has bought an previous industrial developing in San Jose that occupies a web-site that could be redeveloped.

The buy by TA Realty, which applied an affiliate to purchase a developing and land at 2205 Fortune Travel, points to climbing business home values in this area of the South Bay.

TA Realty paid $8 million for the house, in accordance to documents filed on June 1 with the Santa Clara County Recorder’s Business office.

The Boston-dependent development and expense company acquired the making by means of an all-cash deal, the county residence data exhibit.

The just-acquired creating, constructed in 1979, totals 31,400 sq. feet, a publish on the Commercial Cafe assets website shows.

The property’s authentic price may well reside inside the land beneath the decades-outdated constructing, having said that.

The making occupies a 2-acre web site. That implies it could be attainable to replace the present composition with a contemporary business constructing that totals about 62,000 sq. feet, applying normal progress density tips.


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