KBS Trades Zoom's Global HQ in Largest Multi-Tenant San Jose Office Sale Since Pandemic

Zoom’s San Jose HQ building sells for $82M in all-cash bargain deal

A San Jose office campus has been bought at a steep discount to its prior assessed value in a deal that suggests the slump in Bay Area office prices has yet to run its course.

SFF Realty Partners Buys 416,000 SQFT Zoom-Anchored The Almaden in Downtown San Jose for $82MM

At a reported $197 per square foot, The Almaden traded at about 42 percent below Silicon Valley’s third-quarter average office price, and at less than half of KBS’s total basis. The sale of The Almaden, a three-building downtown San Jose office campus that houses Zoom's global headquarters, puts a price on how far downtown office […]

KBS Trades Zoom's Global HQ in Largest Multi-Tenant San Jose Office Sale Since Pandemic

KBS has closed the sale of The Almaden, a three-building, 416,126-square-foot Class A office campus at 55 Almaden Blvd. in downtown San Jose, anchored by Zoom’s global headquarters. The Almaden was owned by KBS Real Estate Investment Trust III, Inc., which paid $150 million in 2015. SFF Realty Partners has acquired the property for an ...