DivcoWest Acquires Four-Building, Class A R&D Campus in San Jose, CA

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11:40 AM on Tuesday, January 6

The Associated Press

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan 6, 2026--

DivcoWest, a DivCore Capital company, in a partnership with Grove Real Estate Partners, has purchased The Campus at Trimble, a 253,000 square foot R&D campus located at 375-441 West Trimble Road in North San Jose. Terms of the transaction, which was sourced and closed off-market, were not disclosed. Newmark represented the seller.

“We are excited by the fundamentals underpinning high-quality R&D projects across Silicon Valley, particularly given the surge of tenant demand in the back half of 2025 amidst a lack of premium R&D supply,” said Elena Miller, Head of Bay Area and Pacific NW Acquisitions. “This campus, acquired at a significant discount to replacement cost, provides a strong foundation for value creation, with meaningful upside through the strategic enhancement of the campus which we believe our partnership is well-positioned to capitalize on.”

The Campus at Trimble consists of a mix of four single- and two-story Class A buildings which were completely renovated over the last several years. These buildings collectively feature 8,000 amps of power service, generous clear heights, efficient floor plates, ample at-grade loading with modern base building systems and tenant improvement build outs.

Designed with today’s workforce in mind, the campus offers a range of amenities that promote collaboration and employee engagement, including meeting pods, fire pits, a bocce ball court, and roll-up doors that create seamless indoor-outdoor work environments, along with ample parking at a 3.5 per 1,000 ratio.

"The Campus exemplifies the quality, well-located R&D properties we are targeting at Grove Real Estate Partners, and we're excited to partner with the talented team at DivcoWest," said Chris Eldemir, Co-Founder and Managing Partner at Grove Real Estate Partners.

Surrounded by Silicon Valley’s major innovation employers such as Nvidia, Microsoft, Cisco, and Figure AI, the campus is occupied by AutoX Technologies, an autonomous driving company, Cepton, a developer of Lidar-based automotive technology, and Verizon.

About DivcoWest

Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Los Angeles, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 61 million square feet of commercial space - primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. www.divcowest.com. Follow @DivcoWest on LinkedIn.

About DivCore Capital

Through two real estate platforms, DivcoWest, a private equity firm headquartered in San Francisco, CA, and LoanCore Capital, a lender headquartered in Greenwich, CT, DivCore Capital manages approximately $31 billion in total assets on behalf of institutional investors. DivCore Capital has a presence in target innovation and growth markets across the U.S.

About Grove Real Estate Partners

Grove Real Estate Partners ( www.groverep.com ) is a San Francisco Bay Area–based investment firm specializing in commercial and multifamily properties. Founded in 2025 by Chris Eldemir and Beau Heidrich, Grove combines institutional rigor and deep local market knowledge with an entrepreneurial, owner-operator mindset. Grove's team has over 30 years of real estate investment experience including over $5 billion in transactions.

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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: REIT FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: DivCore Capital