Real estate: NYC development group grabs choice north San Jose site

Real estate: NYC development group grabs choice north San Jose site

SAN JOSE — A New York City-based development company has grabbed a north San Jose site that’s perched next to a busy freeway in a deal that adds to the firm’s Silicon Valley holdings. Machine Investment Group has bought a big office and research building at 1010 Rincon Circle in San Jose, a property that’s near the interchange of Interstate 880 and Montague Expressway, according to documents filed on Oct. 13 with the Santa Clara County Recorder’s Office. Acting through affiliate 1010 Rincon Owner, Machine Investment paid $32.6 million for the building, the county documents show. The building totals 90,900 square feet, according to the LoopNet property listings service. Quanta Cloud Technology USA, a tech company that provides servers and software for cloud-based systems, occupies the building. Machine Investment also …
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