BXP, a leading real estate firm, has placed a 24-acre property in north San Jose on the market due to ongoing challenges in the Bay Area office market. This site, which BXP initially planned for a tech campus and then residential development, has faced numerous shifts in vision over nearly a decade. The pandemic has exacerbated these struggles, prompting BXP to pivot from its original plans. The company now seeks to sell the site as-is, marking a significant change in strategy amidst a challenging economic climate.
BXP, once planning a tech campus on its 24-acre San Jose site, is now selling it as the Bay Area office market faces significant retrenchment.
The decision to sell marks a turning point for BXP, highlighting the challenges in the Bay Area office market and a shift in real estate strategies.
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