NEW YORK, November 8, 2021 / PRNewswire / – Machine Investment Group (“Machine”) acquired 1010 Rincon Circle in the North of San José Silicon Valley submarket. Machine joined in the deal with Baudpont Capital, buying the off-market property from a private owner to $ 32.6 million. 1010 Rincon Circle is a 90,871 square foot Class A flexible R&D office building. The property is well-maintained and offers attractive physical attributes such as a two-story lobby with floor-to-ceiling windows, 16ft headroom, ample parking, and newly renovated outdoor amenities. The property is conveniently located 3.2 km from New Milpitas BART Station, 5.6 km from San jose International airport and 5 minutes walk from public transport.
1010 Rincon Circle is currently 100% occupied by Quanta Cloud Technology, a subsidiary of Quanta Computers, Inc. (“Quanta”), a Fortune 500 company listed on the Taiwan Stock Exchange with more than 70,000 employees. in the world.
Machine Investment Group is a real estate investment platform focused on opportunistic, distressed and special situations through United States. Founded by former senior executives of Garrison Investment Group, Machine invests primarily in the mid-market, where its reputation as a reliable counterparty, solution-oriented approach, and extensive lender relationships set the company apart from its competitors. Machine’s strict risk discipline, institutional operating processes and well-developed supply network have been cycle tested and are designed to deliver consistent and opportunistic returns while minimizing losses. Since its creation in july 2020, Machine has completed six acquisitions, with 1010 Rincon Circle being the second acquisition in San jose, california.
Chris Formichella de Terrydale Capital advised Machine and Baudpont on the transaction.
Media contact: Machine Investment Group, [email protected]
SOURCE Machine investment group