SAN JOSE — A tech campus in North San Jose was bought for less than its prior value in a deal that serves as a reminder that the Bay Area office market remains in a weaker position despite a surge in leasing activity by the technology industry.
The Rio Tech campus at the southwest corner of North First Street and Rio Robles was purchased for $164.3 million, according to documents filed on April 28 with the Santa Clara County Recorder’s Office.
Real estate firm BentallGreenOak acted through an affiliate to buy the seven-building campus, whose addresses include 3545 North First St. and 30 through 150 Rio Robles, county property files show…