North First Commons – eBay
San Jose, CA
Address:
2515-2545 N. 1st Street, San Jose CA 95125
Market:
Silicon Valley
Building Size:
250,000 SF
Asset Class:
Office Campus
Date Acquired:
June 2018
Status:
Operating
Property Description
In 2018, Ocean West acquired North First Commons in an off-market transaction. Built in 2000 and comprised of four office buildings in the highly coveted and severely land constrained North San Jose Innovation District, North First Commons is one of the premier, iconic office campus locations in Silicon Valley, adjacent to the former eBay subsidiary PayPal’s headquarters and minutes from eBay’s global headquarters location in San Jose. eBay has been leasing two of the buildings since 2011 and expanded its footprint in the two-story office campus in 2018 to include the entire square footage of the property. The property is located directly across the street from a VTA light rail station and adjacent to an 87-acre campus owned by Apple.