SAN JOSE — Massive structures in San Jose occupied by a significant-profile maker of healthcare devices have been acquired by a actual estate corporation with a worldwide achieve, extending the heated interest in Silicon Valley tech hubs.
Bridge Industrial, a major industrial developer, has acquired three tech properties occupied by Beckton Dickinson and just one of its models, BD Biosciences, in accordance to files filed on Aug. 11 with the Santa Clara County Recorder’s Business.
Acting through an affiliate, Bridge Industrial paid out $134 million for the buildings, the county paperwork demonstrate.
The buildings are located at 2350 Qume Travel, 2360 Qume Generate, 2222 Qume Drive, and 2150 Commerce Drive, according to the house data.
Beckton Dickinson was the seller of the homes and occupies all 3 of the properties.
Illinois-based mostly Bridge Industrial intends to bulldoze the websites and switch them with modern industrial structures, files filed with San Jose town planners display.
The parcels that Bridge is eyeing for advancement total a merged 32.1 acres, information submitted with the County Assessor’s Office display.
Bridge Industrial’s affiliate, Qume and Commerce LLC, also obtained a loan from Invesco CMI Investments to finance the invest in.
The loan totaled $81.2 million, according to the community house documents.
Bridge Industrial has proposed the growth of 710,400 sq. toes of industrial space in 4 buildings. The project envisions both on-internet site employment actions as nicely as functions involving significant vehicles.
The proposal is in its quite preliminary stages and is being floated at City Hall to gauge reactions and responses from town planners.
“The proposed undertaking would present up to 416 motor vehicle and 138 truck trailer parking spaces on-site,” the preliminary growth designs point out.