SAN JOSE — A San Jose office building that was seized through a foreclosure has landed a buyer at a discount in a deal that could result in lower rents to attract tenants — and jobs — to the property.
Bay Area real estate firm Menlo Land & Capital paid $9 million for the 75,900-square-foot building at 2290 North First St., according to documents filed on Aug. 1 with the Santa Clara County Recorder’s Office.
The purchase price is 56.1% below its assessed value of $20.5 million…