Super Micro Computer, a tech company experiencing rising sales, has recently made headlines with its $80 million purchase of the former site of Fry’s Electronics in San Jose. The 19.7-acre property, located at 550 East Brokaw Road and next to an interchange with Interstate 880, boasts a prime location with a history that includes hosting the headquarters and warehouse of the now-defunct San Jose Sabercats Arena Football League team.
The property was purchased from Caracol Property Owner, an affiliate controlled by Bill Poland and Matthew Gingery of Bay West Development, and the purchase allows for the possibility of developing a tech campus on the site, as revealed in the regulatory filing with the Securities and Exchange Commission. The approved development plan includes the construction of seven office buildings totaling about 1.92 million square feet and two parking structures totaling roughly 1.65 million square feet, signaling a significant expansion for Super Micro in the near future.
The company is no stranger to large real estate deals in San Jose, having acquired and redeveloped the former headquarters campus of the San Jose Mercury News in 2013, as well as continuing to expand its green computing campus at the former newspaper property on Ridder Park Drive near Brokaw Road. The East Brokaw property deal is anticipated to be completed by February 9, adding another significant property to the tech company’s already extensive portfolio.
This latest purchase comes at a time when Super Micro’s sales have been climbing, although their profits have seen a slight decline. Despite this, the company is moving forward with the acquisition, signaling confidence in the growth and potential of their operations in San Jose. With its strategic location and plans for redevelopment, the former Fry’s Electronics site holds great promise for the future of this expanding tech company.