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No Tenant, No Problem: Investor Stakes $192 Million Bet on Unoccupied Silicon Valley Office Campus

Exeter Property Group Affiliate Acquires Assembly at North First Office Complex in San Jose, California
The Assembly at North First office campus in San Jose, California, has traded hands in a $192 million portfolio deal. (Gensler)
The Assembly at North First office campus in San Jose, California, has traded hands in a $192 million portfolio deal. (Gensler)
CoStar News
October 4, 2021 | 7:24 P.M.

An international investor is diving head first into Silicon Valley's surging commercial real estate market, acquiring an office campus that has yet to record landing a single tenant in the most expensive area for workplaces in the country.

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