The Campus at Trimble is 82% leased to AutoX, Cepton, and Verizon
San Jose, CA – January 05, 2025 – DivcoWest, a DivCore Capital company, in a partnership with Grove Real Estate Partners, has purchased The Campus at Trimble, a 253,000 square foot R&D campus located at 375-441 West Trimble Road in North San Jose. Terms of the transaction, which was sourced and closed off-market, were not disclosed; Newmark represented the seller.
“We are excited by the fundamentals underpinning high-quality R&D projects across Silicon Valley, particularly given the surge of tenant demand in the back half of 2025 amidst a lack of premium R&D supply,” said Elena Miller, Head of Bay Area and Pacific NW Acquisitions, “This campus, acquired at a significant discount to replacement cost, provides a strong foundation for value creation, with meaningful upside through the strategic enhancement of the campus which we believe our partnership is well-positioned to capitalize on.”
The Campus at Trimble consists of a mix of four single- and two-story Class A buildings which were completely renovated over the last several years. These buildings collectively feature 8,000 amps of power service, generous clear heights, efficient floor plates, ample at-grade loading with modern base building systems and tenant improvement build outs.
Designed with today’s workforce in mind, the campus offers a range of amenities that promote collaboration and employee engagement, including meeting pods, fire pits, a bocce ball court, and roll-up doors that create seamless indoor-outdoor work environments, along with ample parking at a 3.5 per 1,000 ratio.
“The Campus exemplifies the quality, well-located R&D properties we are targeting at Grove Real Estate Partners, and we’re excited to partner with the talented team at DivcoWest,” said Chris Eldemir, Co-Founder and Managing Partner at Grove Real Estate Partners.
Surrounded by Silicon Valley’s major innovation employers such as Nvidia, Microsoft, Cisco, and Figure AI, the campus is occupied by AutoX Technologies, an autonomous driving company, Cepton, a developer of Lidar-based automotive technology, and Verizon.