"An entity affiliated with Republic Services has paid $10 million to buy a site at 665 North King Road in East San Jose, according to documents filed on Oct. 9 with the Santa Clara County Recorder's Office. Besides the empty land, the 2.3-acre property includes an industrial building that totals 17,100 square feet. An office and showroom space totaling 4,000 square feet is part of this building. The building's size means most of the site is undeveloped."
"The seller is a real estate firm based in a Chicago suburb. By happenstance, the just-purchased industrial property is across the street from a large apartment complex known as Linq. The 230-unit Linq apartment property was bought in September for $97.6 million. It wasn't immediately clear what uses Republic Services or its affiliate envision for the 665 North King property. Republic Services has an exclusive franchise with city officials to collect and process garbage, recyclables and organics from all businesses in San Jose."
An entity affiliated with Republic Services paid $10 million for a 2.3-acre site at 665 North King Road in East San Jose. The property includes empty land and a 17,100-square-foot industrial building with 4,000 square feet of office and showroom space, leaving most of the site undeveloped. The seller is a Chicago-suburb real estate firm. The parcel sits across from the 230-unit Linq apartment complex, which sold in September for $97.6 million. Uses for the newly acquired property were not disclosed. Republic Services holds an exclusive franchise to collect and process commercial garbage, recyclables and organics in San Jose.
Read at www.mercurynews.com
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