SAN JOSE — A big manufacturing and industrial complex could sprout on a San Jose website that a growth enterprise has just acquired, newly filed city ideas clearly show.
Rockpoint acquired the 10.2-acre residence in south San Jose for $15.7 million on March 31, according to files submitted the exact working day with the Santa Clara County Recorder’s Place of work.
The house, which Rockpoint purchased in an all-hard cash offer, is located at 865 Embedded Way, the county information display. The site is in close proximity to two freeway interchanges that connect to U.S. Highway 101.
Oppidan, a growth partner for Rockpoint, filed a proposal on April 27 with San Jose city officers to construct a major setting up on the Embedded Way home that would accommodate production or industrial operations.
Boston-based Rockpoint, which is a non-public equity true estate financial commitment company, experienced earlier shaped an alliance with Oppidan to develop industrial sites in the United States.
The making could total 121,900 square toes, in accordance to the files on file with the town.
The industrial and production intricate would be 1 tale significant, the metropolis documents exhibit.
Builders have been purchasing huge chunks of land in south San Jose in modern a long time.
Duke Realty, a single of the nation’s most significant developers, is among the the energetic customers.
The curiosity by builders and investors in this part of San Jose might be driving rates greater in the space.
In the situation of the Rockpoint obtain, the vendor, a serious estate partnership centered in Southern California, acquired the land in 2019 for $4 million, county documents present.