Locally based computer server manufacturer Supermicro plans to expand its footprint in San Jose and is under contract to acquire 550 East Brokaw Rd., a nearly 20-acre site about a mile away from the company’s existing headquarters at 980 Rock Ave., for $80 million, reported the San Francisco Business Tines. Supermicro expects the transaction to close this month, according to according to an SEC filing.
Bay West Development last year successfully entitled 550 East Brokaw for a seven-building, 1.92-million-square-foot office campus including two parking structures spanning almost 5,400 stalls. Supermicro, which began leasing 124,000 square feet of warehouse space at an existing building at 550 East Brokaw late last year, plans to initially use the site for “warehousing and production” before ultimately incorporating the property as “part of Supermicro’s expanded San Jose campus.”
The company has maintained a footprint in San Jose for about three decades, over which time it has amassed a significant real estate portfolio in the area. In June of last year, it reported owning and leasing nearly 2.3 million square feet of office and manufacturing space, plus 36 acres of land it has said would allow it to further expand its footprint in North San Jose. The company also leases about 720,000 square feet of additional office and manufacturing space in San Jose.
Comments