BIXBY BUYS SILICON VALLEY OFFICE CAMPUS

SAN JOSE, CALIF. – Bixby Land Company purchased a 164,000-square-foot office campus inside Silicon Valley's Golden Triangle for $19.5 million. The firm plans to invest an additional $11.4 million to renovate the property, which will be completed later this year. Bixby purchased the campus' three vacant office buildings in two separate transactions with sellers Peery Arrillaga and NSJ Investors, LLC. Colliers' Craig Fordyce, Jim Beeger and Mike Rosendin represented NSJ Investors in the sale of 251 and 281 River Oaks Parkway. Peery Arrillaga represented itself in the sale of 211 River Oaks Parkway. Bixby represented itself in both acquisitions.