SAN JOSE — A green-tech company with a new approach to batteries was a big factor behind a real estate entrepreneur’s decision to buy a San Jose office building where the energy firm operates.
A group headed up by South Bay real estate executive Shri Chawla paid $13.5 million to buy a building at 110 Baytech Parkway in North San Jose, documents filed on June 1 with the Santa Clara County Recorder’s Office show.
“I really believe in the building’s tenant, Lyten,” Chawla said in an interview with this news organization. “I think Lyten will be doing great things.”
Lyten occupies two sites in that area of San Jose. One is the just-bought 110 Baytech building and the other is at 145 Baytech Parkway.
“This company has an amazing approach to the battery industry,” Chawla said. Chawla is an electrical engineer by training and a former semiconductor industry executive…