SOURCE: Bixby Land Company

October 09, 2012 11:00 ET

Bixby Land Company Project Awarded Best Reuse/Rehab Project in Silicon Valley

SANTA CLARA, CA and IRVINE, CA--(Marketwire - Oct 9, 2012) - Bixby Land Company, a leading commercial real estate operator and investment manager based in Orange County, Calif., has been recognized for its innovative redevelopment of Bixby@Coronado in Santa Clara, Calif. The Silicon Valley Business Journal selected Bixby's striking renovation of the 1980s-vintage office campus for its 2012 Structures Award as Best Reuse/Rehab Project in Silicon Valley.

Bixby acquired the 127,000-square-foot, two-building office campus with the vision of redeveloping the project into a modern corporate headquarters location to meet the growing demand for high quality work environments by today's companies. The redesign adjoined the existing buildings with a dramatic, two-story glass pavilion, entirely new drought tolerant landscaping and new hardscape. The highlight of the redesign is the signature Bixby Retreat™, a contemporary exterior courtyard lounge area for tenants.

The project was deemed an immediate success when Santa Clara's Infoblox signed a $25 million, 8-year lease for the entire building upon completion in June of this year. "We set out to redesign the project for a user such as Infoblox that required a collaborative, highly efficient, highly amenitized work environment," said Bill Halford, president and CEO of Bixby Land Company.

Studio G Architects of San Jose, Calif. is credited with the award-winning design for the project, which Bixby completed in nine months.

Bixby's redevelopment involved a complete recladding of both buildings to deliver modern exterior lines and maximize the outdoor space. The Bixby Retreat™ is a stunning outdoor living room for tenants that features couch seating, fire pits, recessed lighting, an outdoor kitchen and grill, and an attractive waterscape feature. Bixby also replaced outdated mechanical systems with new HVAC equipment and new roofs.

"We're honored to be acknowledged for delivering the best rehab project in Silicon Valley," said Halford. "This award confirms Bixby's commitment to create unique environments that meet the evolving needs of today's workforce."

Bixby Land Company is an active value add investor in Silicon Valley, having just completed the renovation and redesign of a 164,000-square-foot, three-building office campus on River Oaks Parkway in San Jose, Calif. "We continue to seek value added investment opportunities in primary Western U.S. markets, with a predominant focus in California," added Halford.

About Bixby Land Company
Bixby Land Company is a leading commercial real estate operator and investment manager with a portfolio of assets under management nearing $1 billion. The company is a privately-held REIT with a focus on core industrial and value add investments in R&D and office properties throughout the Western U.S. Bixby Land Company has a vertically integrated operating platform backed by a veteran management team. For more than 100 years, Bixby Land Company has been committed to adding value for its investors and shareholders. www.bixbyland.com.

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