Named Best Renovated Building of 2006 by Building Owners and
Managers Association – Silicon Valley
San Jose, Calif., October 18, 2006 — Borelli Investment Company’s Junction Office Center, a two-building, 77,000 square foot office condominium complex at 2051-2055 Junction Avenue in North San Jose, has been named Best Renovation of 2006 by the Building Owners and Managers Association (BOMA) Silicon Valley. Offering 52 units from 750 to 3,000 square feet,JunctionOfficeCenterhas been another in a series of successful business condominium projects for Borelli, with more than 50 percent of the complex already sold or in escrow. Businesses can buy—not lease—space at Junction, and enjoy all the tax benefits and potential long-term appreciation usually available only to larger organizations capable of purchasing an entire building.
Originally built in 1984, the two two-story buildings set around a central courtyard had aged significantly over the years. Borelli Investment Company invested nearly $10 million in the renovation, completing a sweeping upgrade that included a new roof, sophisticated new heating and air conditioning system that offers better zone control and greater efficiency, upgraded elevators, completely redone restrooms with showers, ADA improvements, a full seismic retrofit, a new parking lot, and extensive landscaping. A new facade brought out the sweeping glasslines and saw the addition of awnings over the two entrances. The elegant lobbies feature high ceilings and polished granite floors, with a number of works of art as added touches.
“Borelli Investment Company has a distinguished reputation for the work they do in commercial real estate development and management,” said Robert Jacobvitz, executive director of BOMA Silicon Valley. “The judges were impressed with the high quality of the retrofit.JunctionOfficeCenterhas a unique role as an office condominium created from old concrete tilt-up buildings. This is a very good example of Borelli’s innovative business model, and may be the wave of the future inSilicon Valley.”
Many Business Conveniences
Each of the 52 office suites is fully carpeted and includes a coffee bar with sink and cabinets. Condo owners are provided individual controls for heating and air conditioning, have separate metering for electrical usage, and enjoy high-speed web browsing and Internet access over the building’s T1 line as part of their regular association dues. Additional customizing is easy, because businesses own, not rent, the space.
All owners can use the state-of-the-art common conference room with the latest meeting support tools such as large-screen video, Web-based videoconferencing, audioconferencing, and PowerPoint capabilities.
JunctionOfficeCenter’s location in the heart of the technology-rich Golden Triangle—formed by the intersections of I-880, Hwy 101, and Hwy 237—reduces commutes and makes it easy to see clients any time of the day. The complex is close to a VTA light rail station and a short drive toMinetaSan JoseInternationalAirport. The generous parking ratio of 5.3 spaces per 1,000 square feet provides plenty of spots for employees and customers, and on-site services include UPS, FedEx, and US Postal Service drop boxes.
“We are so enthusiastic aboutJunctionOfficeCenterthat we recently purchased several units and moved our company into 5,500 square feet of space there,” remarked Tom Purtell, chief operating officer of Borelli Investment Company. “We are pleased to have been chosen by BOMA Silicon Valley for this honor, and think this speaks to the quality and attention-to-detail owners will find at Junction. This is an office smaller businesses will want their customers to visit, again and again.”
Interested businesses can learn more about JunctionOfficeCenterby contacting Larry Bengiveno at Borelli Investment Company at (408) 453-4700 or larry@borelli.com.
About BOMA Silicon Valley
BOMA Silicon Valley has served the commercial real estate industry for over 22 years. Founded in 1983, BOMA Silicon Valley today represents well over 75 million square feet of commercial real estate inSilicon Valley. The Association is dedicated to professional, ethical property management and provides its members with legislative advocacy, industry information, educational opportunities, and a forum for networking with peers.
Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley, with more than 50 years of experience. The company provides a full range of commercial real estate services—from development and property management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or going to www.borelli.com
Contact:
Buddy Parsons, President
Borelli Investment Company
2051 Junction Avenue, Suite 100
San Jose, CA 95131
Ph: 408.453.4700
Fax: 408.453.4636
E-mail: info@borelli.com
http://www.borelli.com