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TRANSWESTERN INVESTMENT GROUP SELLS 300,000 SF OFFICE PARK IN SAN JOSE, CALIFORNIA
(OCT. 4, 2018 – SAN JOSE, CALIF.) – Transwestern Investment Group (TIG®) today announces it has sold Central Park Plaza on behalf of TSP Value and Income Fund I, continuing the successful value creation and subsequent monetization of TIG’s initial TSP Value and Income Fund. The 300,000-square-foot office park is located at 2833 – 2841 Junction Ave. and 2860 – 2890 Zanker Road in San Jose, California.
Constructed in 1986, Central Park Plaza consists of six, Class A, two-story office buildings. The multitenant project is leased to 56 tenants. During the hold period, ownership completed several capital renovation projects, including updating the courtyard and deli, building a new state-of-the-art conference center, and creating several high-tech speculative suites. The capital renovation projects were instrumental in the success of this investment, as these amenities allowed the leasing team to lease over 160,000 square feet at rates that supported the disposition price.
HFF represented the seller in the transaction.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is an investment adviser serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Our client-focused, relationship-driven approach ensures our priorities are our clients' investment objectives. With $4.4 billion of assets under management, trust, integrity and transparency are the cornerstones of our business. TIG provides tactical investment management with an integrated operating platform through the Transwestern family of companies, which includes a diversified real estate services firm with 35 U.S. offices and a development company. For more information, visit transwesterninvest.com.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.