Bixby Land Company Completes 164,000-Square-Foot San Jose Office Campus Renovation
Bixby's Redevelopment of the Three-Building Office Campus Targets the High Demand for Large Blocks of Space in Silicon Valley
(firmenpresse) - SAN JOSE, CA and IRVINE, CA -- (Marketwire) -- 07/11/12 -- Bixby Land Company, a leading commercial real estate operator and investment manager based in Orange County, Calif., has completed the $5 million renovation of a 164,600-square-foot office campus in the heart of Silicon Valley's Golden Triangle on River Oaks Parkway. The newly redesigned office campus targets the increasing demand from area office users for high quality work environments, and comes at a time when large blocks of modernized space are in short supply throughout Silicon Valley.
The project marks Bixby's second successful renovation in Silicon Valley in as many months. Bixby just finished the redesign of a 127,000-square-foot office campus in Santa Clara, Calif., leasing the entire facility to Infoblox for an 8-year term plus options upon completion. Bixby redesigned both projects to deliver functional interior work spaces and inviting outdoor areas for employee gatherings.
"We assembled three vacant buildings last year in two separate transactions in order to create a contemporary office campus with great outdoor spaces," said Bill Halford, president and CEO of Bixby Land Company. "This project is another example of our ongoing effort to visualize a property's potential and create vibrant work environments that meet the needs of today's workforce," said Halford.
The renovation features the signature Bixby Retreat™, a spacious outdoor living room where tenants can meet to collaborate or simply relax. Bixby has designed a 30,000-square-foot common area with abundant landscaping, including an olive grove and drought tolerant plantings throughout. The building elevations have undergone significant improvement to enhance the street view of the office campus. Bixby also redesigned the building lobbies, installed new roofs and HVAC systems, and built out a "make-ready" interior plan for all tenant spaces.
Bixby's River Oaks campus is comprised of three two-story buildings that range in size from 41,000 square feet to 75,000 square feet. Buildings feature excellent glass lines, 10-foot ceilings throughout and floor-to-ceiling glass on the ground floors. The office campus is located at River Oaks Parkway and Zanker Road in San Jose, Calif., directly across the street from Crescent Park, a new five-acre park currently under development with tennis courts and numerous recreational amenities.
The office campus is marketed for lease by Craig Fordyce and Jim Beeger of Colliers International.
The renovation reflects Bixby's ongoing presence in the Silicon Valley, where the company operates 16 buildings and more than one million square feet of properties. Bixby Land Company is a vertically integrated real estate investor and operator with a portfolio of 6 million square feet of office and industrial space. The firm is focused on the acquisition of value add investment opportunities, primarily in California.
Bixby Land Company is a leading commercial real estate operator and investment manager with a portfolio of assets under management nearing $1 billion. The company is a privately-held REIT that owns core industrial and value add investments in R&D and office properties throughout the Western U.S. Bixby Land Company has a vertically integrated operating platform backed by a veteran management team. For more than 100 years, Bixby Land Company has been committed to adding value for its investors and shareholders. .
Contact:
Krista Sparks | Randy Hall
714-263-8731 | 714-263-8723
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Datum: 11.07.2012 - 09:00 Uhr
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News-ID 1132171
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