San Jose, CA – March 18, 2016 – CBRE has been selected to lease the new 8.3-acre Diridon development in downtown San Jose. A joint venture of Trammell Crow, Bentall Kennedy and Multi-Employer Property Trust, the new mixed-use development is poised to become a profoundly transformative project for Silicon Valley.
Located at 364-384 West Santa Clara Street adjacent to the upcoming Diridon Station, the 960,000 square-foot development will include two, 10-story office buildings, retail amenities as well as 325 luxury apartments developed by TCC subsidiary High Street Residential. Construction of the project will begin in the summer of 2016.
The listing team for the project includes Mike Benevento, Mike Charters, Jeff Houston and Mark Schmidt of CBRE’s San Jose office.
“Once complete, its transit access, expansive floor plates and rich amenities will make Diridon unlike anything else downtown,” said Mark Schmidt, managing director of CBRE’s Silicon Valley office. “This once dormant site will be reimagined into a vibrant, livable high-tech hub offering commuters, residents, visitors and workers unprecedented access into downtown’s western gateway.”
The adjacent Diridon Station once completed will be Silicon Valley’s largest transportation hub, bringing together Caltrain, future BART and high-speed rail, and connecting downtown San Jose to California’s Central Valley.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
