Tokyo based Mori Trust Co., Ltd. has acquired an office building properties located in San Jose, California, in the Silicon Valley area of the U.S., through its U.S. subsidiary MORI America LLC.
Largest-volume real estate investment ever in the Silicon Valley area by a Japanese corporation, said in statement.
The properties consist of 3 office buildings (and 1 parking garage) which have obtained Gold certification under the LEED international environmental performance evaluation system for buildings, demonstrating that they are structures with outstanding environmental characteristics.
They are located within an integrated-development zone which also offers the high convenience of nearby commercial facilities and hotels. All 3 of the properties are currently at full occupancy and are intended to be operated over the long term as stable real estate assets.
The newly-acquired properties are located in the northern part of San Jose city, considered to be a central city in the Silicon Valley region where numerous IT-related companies have gathered together to make it a source of tremendous global innovation. The properties are surrounded by many world-leading global companies, and the area in which they are located is expected to undergo even further development in the future under San Jose city’s master plan for urban development and its policy to encourage even greater accumulation of high-tech corporations.
View source on : http://www.mori-trust.co.jp/english/