DivcoWest Partnership Nabs R&D Campus Off-Market

DivcoWest, a DivCore Capital company, in partnership with Grove Real Estate Partners, has purchased The Campus at Trimble, a 253,000-square-foot R&D campus located at 375-441 W. Trimble Rd. 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 at DivcoWest. “This campus, acquired at a significant discount to replacement cost, provides a strong foundation for value creation.” 

The Campus at Trimble includes a mix of four single- and two-story Class A buildings which were completely renovated over the past several years. It is occupied by AutoX Technologies, an autonomous driving company; Cepton, a developer of Lidar-based automotive technology; and Verizon. 

 Photo courtesy of Newmark.

The post DivcoWest Partnership Nabs R&D Campus Off-Market appeared first on Connect CRE.