SAN JOSE — A technology company purchased a vacant South San Jose building that had been seized through a foreclosure, a sign that some tech firms continue to scout for sites to operate despite any economic uncertainties.
Rocket EMS, through an affiliate led by its executives, paid just under $18.8 million for a research and office building at 5729 Fontanoso Way, documents filed May 20 with the Santa Clara County Recorder’s Office show. Evergreen Advantage was the seller.
The purchase price suggests the building was acquired at a discount, after the property had landed in default, was vacant for years, endured a bankruptcy, and was seized by its lender…