"PG&E acquired that site to provide additional workspace for PG&E crews to support operations within the greater San Jose area."
"The sellers did a complete renovation and upgrade and built new offices in the building. The building had fallen into disrepair. The sellers did a lot of work to bring it up to date."
"The purchase appears to be another push by Oakland-based PG&E to become more involved in San Jose."
"PG&E plans major revamps of two key electricity substations in downtown San Jose as it races to stay ahead of rising energy demands."
Pacific Gas and Electric Co. acquired a San Jose industrial and office building for $16.6 million to support increased operations in the area. The property was purchased near Spartan Stadium and had undergone complete renovations, including new offices. The deal reflects PG&E's intent to strengthen its presence in San Jose while addressing rising energy demands from local developments. Future plans include upgrades to downtown substations and collaboration on eco-friendly housing developments.
Read at The Mercury News
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