Santa Clara County rents two San Jose office buildings in market boost

SAN JOSE Santa Clara County struck a deal to lease two nearly empty North San Jose office buildings and an adjacent retail hub, a real estate filing on Oct. 18 shows. The county signed a 30-year lease for eight-story office buildings at 1650 and 1700 Technology Drive and a retail center at 90 Skyport Drive, documents show. The lease is slated to begin sometime in early 2029 after extensive renovation of the two office buildings, Bay Area real estate firm TMG Partners stated. TMG Partners and New York City-based investment company KKR teamed up to pay $75.5 million for the office and retail complex, according to county documents. Renovation of the offices is financed through a construction loan of up to $230 million the county provided to the TMG and KKR alliance, according to a deed of trust filed on Oct. 18. Each office building totals approximately 194,300 square feet and the adjacent retail center totals 42,000 square feet, according to commercial property databases. We’re plea