SAN JOSE — A San Jose site slated for a huge industrial development that could be suitable for a logistics or e-commerce company has been bought by a veteran real estate firm whose notable tenants include Amazon.
Once developed and completed, the modern industrial complex in south San Jose could attract tech, research, or manufacturing firms — or Amazon.
Duke Realty is the buyer of the property, according to Santa Clara County public documents filed on Dec. 2. The real estate firm also has submitted a proposal to San Jose planners for a complete redevelopment of the site.
The south San Jose property has addresses of 5853 and 5863 Rue Ferrari and at present contains two buildings totaling 286,300 square feet.
The new industrial complex would total 303,100 square feet, preliminary plans on file with the city show.
Acting through affiliate Duke Realty Rue Ferrari, Duke Realty paid $40.6 million