SAN JOSE, CALIF. — KBS Capital Advisors has purchased Ten Almaden, a 309,255-square-foot office building in San Jose, for a reported $116.7 million. The Class A office tower is located at its namesake, 10 Almaden Blvd.
Ten Almaden is situated near the San Jose Diridon Transit Station, which is serviced by Caltrain, Amtrak, ACE commuter rail, VTA light rail, bus lines and the planned California High-Speed Rail that will connect downtown San Jose to San Francisco and the peninsula. It is also near San Jose’s Norman S. Mineta International Airport, Interstates 280, 680, 880, US 101, and Highways 87 and 17.
The LEED-Gold-certified office tower was built in 1988 and renovated in 2010. It features a three-story atrium and lobby, fitness center with outdoor pool, sauna, showers, a six-level parking structure and a café.
Ten Almaden is currently 89 percent leased. Notable tenants include Citibank, Comcast, Robert Half International, Rosetta Marketing Group and Turner Construction Company.
The seller, Equity Office Properties, was represented by HFF’s Steven Golubchik, Michael Leggett and John Simerlein.