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Peoples Associates Closes on 59,000-SF Flex Facility in Silicon Valley Research Center

LBA Realty Sells Green Circuits' Corporate HQ
February 27, 2018
Peoples Associates out of Milpitas, CA, has completed a deal with LBA Realty to acquire the 58,760-square-foot flex building at 1130 Ringwood Ct. in San Jose for $9.8 million, or about $166 per square foot.

Known as Building 3, the single-story building located in the Silicon Valley Research Center is fully leased to Green Circuits, a full-service contract manufacturer for the Electronics Manufacturing Services (EMS) industry. According to CoStar information, Green Circuits has four years remaining on its headquarters lease.

Scott Prosser and Bob Steinbock of CBRE represented the seller in negotiations.

For more information on this transaction, please refer to CoStar COMP #4114308.
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