SAN JOSE, Calif. — DivcoWest, a DivCore Capital company, in partnership with Grove Real Estate Partners, has acquired The Campus at Trimble, a four-building, 253,000-square-foot Class A R&D campus in North San Jose. Financial terms of the off-market transaction were not disclosed. Newmark represented the seller.
Located at 375–441 West Trimble Road, the campus is 82% leased to a roster of technology-driven tenants, including AutoX Technologies, Cepton, and Verizon. The property sits within one of Silicon Valley’s most active innovation corridors, surrounded by major employers such as Nvidia, Microsoft, Cisco, and Figure AI.
“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 amid a lack of premium R&D supply,” said Elena Miller, Head of Bay Area and Pacific Northwest Acquisitions at DivcoWest. “This campus, acquired at a significant discount to replacement cost, provides a strong foundation for value creation.”
The Campus at Trimble comprises a mix of single- and two-story buildings, all of which have undergone comprehensive renovations in recent years. The property features 8,000 amps of power service, generous clear heights, efficient floor plates, modern building systems, and robust tenant improvement build-outs. Additional infrastructure includes ample at-grade loading and a parking ratio of 3.5 spaces per 1,000 square feet.
Designed to meet the needs of today’s workforce, the campus offers a suite of collaborative and lifestyle-oriented amenities, including meeting pods, fire pits, a bocce ball court, and roll-up doors that create seamless indoor-outdoor work environments.
“The Campus exemplifies the quality, well-located R&D properties we are targeting at Grove Real Estate Partners,” said Chris Eldemir, Co-Founder and Managing Partner at Grove. “We’re excited to partner with the talented team at DivcoWest on this acquisition.”
With strong existing tenancy and proximity to Silicon Valley’s innovation ecosystem, the acquisition positions DivcoWest and Grove Real Estate Partners to capitalize on continued demand for high-quality R&D space in the region.
