Tuesday, February 27, 2007

Finally Sobrato's San Jose Office Deal is Done!

After 4 long years, the castle that Sobrato built will finally be occupied. 488 Almaden Blvd, at the southern gateway to San Jose's downtown is being purchased by BEA Systems. The Sobrato company could not find a tenant to occupy the whole building - they would have easily leased the building if they wanted a multi-tenant building. That's quite some strength and resolve in Mr. Sobrato. In the end, the decision makers at BEA saw the light and will now own their corporate headquarters. This is a boon for downtonn. Approximately 1,000 jobs to be relocated there and its a huge benefit to the condo tower developers. If you were a BEA engineer, would you not put a deposit down on a new condo there?

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