ROCKWOOD, FOUR CORNERS ACQUIRE WATER TOWER PLAZA IN SILICON VALLEY

CAMPBELL, CALIF. — Rockwood Capital and Four Corners Properties have acquired Water Tower Plaza, a 100,000-square-foot office and retail property in Campbell, for an undisclosed sum. The plaza is located at 300 Orchard City Drive in the San Jose submarket. The building was originally constructed as the Hyde Cannery in 1887. It housed fruit and canning companies until 1971 when it was converted into a retail property. It became a mixed-use property that featured office and retail space in the 1980s. The seller was Water Tower 1, LLC.