Bixby Land Company Sells Silicon Valley Office Campus

Bixby Land Company Sells Silicon Valley Office Campus 
165,000-Square-Foot Project Trades for $52.1 Million 
SAN JOSE, CA and IRVINE, CA -- (Marketwired) -- 07/08/14 --  Bixby
Land Company announces the $52.1 million sale of a recently
repositioned office campus on River Oaks Parkway at Zanker Road in
San Jose, Calif. to American Realty Capital, LLC. The sale follows
Bixby's successful development of the office complex into a
contemporary work environment, an investment strategy that the
Irvine, Calif.-based developer continues to execute throughout the
Bixby aggregated the three-building project in two separate
acquisitions for $19.5 million back in 2011. Following a
comprehensive redesign that transformed the project into a dynamic
work place, Bixby leased the entire 165,000-square-foot campus to
Nimble Storage ("NMBL") for use as the data storage firm's U.S.
"We developed a vibrant, collaborative work environment with the
image and amenities that today's companies demand," said Bill
Halford, president and CEO of Bixby Land Company. "This is a fitting
time to realize our investment objective following the successful
renovation and leasing of the project."  
The centerpiece of the development is the signature Bixby
Retreat(TM), a spacious 30,000-square-foot outdoor living room for
collaboration and relaxation. Accented with draught-tolerant
landscaping, the outdoor area provides the ambiance of a private park
for employees. Bixby also transformed the building elevations,
redesigned the lobbies, installed new roofs and upgraded the HVAC
Bixby was represented by Mark Penrod and Andy Zighelboim with Eastdil
Secured, while American Realty Capital represented itself in the
Bixby also recently completed a 136,000-square-foot lease with
Verizon at THE Campus, a four-building office project that was
completed earlier this year in San Jose. The company also expects to
begin development in the next 60 days on the redesign of a
405,000-square-foot office project in Santa Clara, Calif. 
About Bixby Land Company
 Bixby Land Company is a leading commercial
real estate operator and investment manager with a $1 billion
portfolio of office, industrial and R&D properties. The company is
active in the innovative repositioning and development of office and
R&D properties in primary markets throughout California. Bixby Land
Company has a vertically integrated operating platform backed by a
veteran management team, and is committed to adding value for its
investors and shareholders. 
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Nicole Inal 
Randy Hall 
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