Cisco Sells Multiple Office Buildings Totaling 700,000 SQFT in San Jose for $63MM

Cisco Sells Multiple Office Buildings Totaling 700,000 SQFT in San Jose for $63MM

Multiple buildings at Cisco’s headquarters campus in San Jose have traded hands. Cisco Systems sold the assets for $63 million, or approximately $90 per square foot. According to industry reports, an entity affiliated with South Bay Development Co., a veteran Bay Area commercial real estate firm, purchased the properties in an all-cash deal. Cisco retained […] The post Cisco Sells Multiple Office Buildings Totaling 700,000 SQFT in San Jose for $…

Cisco sells San Jose office buildings but has option to buy them back

SAN JOSE — Cisco Systems has sold several San Jose office buildings to a big Bay Area real estate firm — and also has struck a deal that could enable the tech titan to buy some of the buildings back from the buyer. The computer networking giant sold the buildings for $63 million to South Bay Development, a veteran real estate firm, according to documents filed on Dec. 19 with the Santa Clara County Recorder’s Office. Cisco Systems sold four nort…