silicon valley offices



Shane Minnis


Central Campus
2801-2881 Scott Boulevard, Santa Clara
Client: Rockpoint Group & Presidio Investments
Service: Landlord Representation


Just coming out of the Great Recession Rockpoint Group and Presidio Investments seized on a value-add opportunity by purchasing an early 1990’s era corporate campus from Applied Materials. The 312,167 square foot office/R&D campus was delivered 100% vacant and consisted of four single-story R&D buildings and one 3-story office/R&D building. Being a fairly isolated campus lacking nearby amenities and public transportation created challenges. These challenges coupled with 0% occupancy, functionally obsolete interior build out, dated architectural features and a leasing market showing early signs of recovery presented numerous leasing challenges.


Rockpoint Group and Presidio Investments, being seasoned veterans in investing in value-add real estate assets, knew the value in assembling an experienced team in order to execute on their investment strategy which lead to engaging Michael Rosendin, Craig Fordyce and Shane Minnis. The Rosendin, Fordyce, Minnis team immediately went to work by rebranding the campus to “Central Campus” in order to mitigate the ties to the previous occupant. However, marketing alone was not going to get Central Campus leased. The Silicon Valley market was in early recovery, tenant demand was shifting to a flight to quality environment along with macro leasing trends moving away from traditional R&D to collaborative office. Through market observation the Rosendin, Fordyce, Minnis team advised the ownership on an asset repositioning strategy consistent with the growing demand. Additionally, nearby development, emerging transportation options and new entrants/growing employers in the area were promoted to overcome previously perceived locational challenges.


2013: Campus 33% leased

  • 102,867 SF in 2 buildings leased for 90 month term
  • Credit Tenant: Renesas Electronics America Inc.

2014: Campus 68% leased

  • 109,532 SF in 2 buildings leased for 126 month term
  • Credit Tenant: Roche Molecular Systems, Inc.

2017: Campus 100% leased

  • 312,167 SF in 5 buildings leased for 129 month term
  • Credit Tenant: Roche Molecular Systems, Inc.
  • Successful early termination with Renesas Electronics
  • Successful expansion and lease extension with credit tenant for entire campus
silicon valley commercial real estate broker

Craig Fordyce
+1 408 282 3911
Lic#: 00872812

silicon valley commercial real estate broker

Michael Rosendin
+1 408 282 3900
Lic#: 00826095

silicon valley commercial real estate broker

Shane Minnis
+1 408 282 3901
Lic#: 01708656

Disclaimer: The views expressed on this website/blog are mine alone and do not necessarily reflect the views of my employer, Colliers International. The information furnished has been obtained from sources I deem reliable and is submitted subject to errors, omissions and changes. Although I have no reason to doubt its accuracy, I do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents.

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