Chawla Ventures acquired a two-story flex property at 110 Baytech Drive in San Jose, California, from Money360 for $15 million, or $258.73 per square foot. The 57,976-square-foot building, constructed in 1997, was fully leased to Lyten Inc., a lithium battery manufacturer. Lyten's lease extends through December 2033, with 3% annual rent escalations and renewal options.
