SAN JOSE — Office buildings in San Jose that once were eyed as a hub for a private school are now being pitched as a medical campus, according to marketing materials circulated by commercial real estate firm HealthMed Realty.
At 525 Race St. and 550 Meridian Ave., Avenues The World School bought two buildings in separate transactions that gave it control of the properties.
An affiliate of the school bought the 550 Meridian building in 2019 for $27.1 million and the 525 Race building in 2022 for $33 million, Santa Clara County real estate documents show.
At the time of the second purchase, Avenues The World School officials had filed plans for a campus that envisioned the reuse of the existing office buildings and the construction of new buildings as well as a sports field…