Business
DivcoWest Acquires Four-Building, Class A R&D Campus in San Jose, CA
SAN JOSE, Calif., January 06, 2026--DivcoWest, a DivCore Capital company, in a partnership with Grove Real Estate Partners, has purchased The Campus at Trimble, a 253,000 square foot R&D campus located at 375-441 West Trimble Road in North San Jose. Terms of the transaction, which was sourced and closed off-market, were not disclosed. Newmark represented the seller.
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[{"type":"text","content":"The Campus at Trimble is 82% leased to AutoX, Cepton, and Verizon","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"SAN JOSE, Calif., January 06, 2026--(BUSINESS WIRE)--DivcoWest, a DivCore Capital company, in a partnership with Grove Real Estate Partners, has purchased The Campus at Trimble, a 253,000 square foot R&D campus located at 375-441 West Trimble Road in North San Jose. Terms of the transaction, which was sourced and closed off-market, were not disclosed. Newmark represented the seller.","length":389,"tagName":"p"},{"type":"text","content":""We are excited by the fundamentals underpinning high-quality R&D projects across Silicon Valley, particularly given the surge of tenant demand in the back half of 2025 amidst a lack of premium R&D supply," said Elena Miller, Head of Bay Area and Pacific NW Acquisitions. "This campus, acquired at a significant discount to replacement cost, provides a strong foundation for value creation, with meaningful upside through the strategic enhancement of the campus which we believe our partnership is well-positioned to capitalize on."","length":560,"tagName":"p"},{"type":"text","content":"The Campus at Trimble consists of a mix of four single- and two-story Class A buildings which were completely renovated over the last several years. These buildings collectively feature 8,000 amps of power service, generous clear heights, efficient floor plates, ample at-grade loading with modern base building systems and tenant improvement build outs.","length":354,"tagName":"p"},{"type":"text","content":"Designed with today’s workforce in mind, the campus offers a range of amenities that promote collaboration and employee engagement, including meeting pods, fire pits, a bocce ball court, and roll-up doors that create seamless indoor-outdoor work environments, along with ample parking at a 3.5 per 1,000 ratio.","length":310,"tagName":"p"},{"type":"text","content":""The Campus exemplifies the quality, well-located R&D properties we are targeting at Grove Real Estate Partners, and we're excited to partner with the talented team at DivcoWest," said Chris Eldemir, Co-Founder and Managing Partner at Grove Real Estate Partners.","length":280,"tagName":"p"},{"type":"text","content":"Surrounded by Silicon Valley’s major innovation employers such a...