Optical Court

Local Capital Group acquired six of the seven buildings at Optical Court with an institutional capital partner in September 2017, and the two Blue Rise Ventures co-founders were responsible for execution of the business strategy from acquisition to disposition in August 2021. Optical Court is a prime life science and R&D/office complex totaling over 500K sq ft of net rentable office space. This was the first life science asset acquired and operated by the Blue Rise co-founders while at Local Capital Group.

The investment plan included value-add vacancy reduction via individual building sales to owner users including Kaiser, as well as expanding the life science incubator San Jose BioCube from 33K to 67K sq ft and the disposition of individual buildings including two-building life sciences and advanced manufacturing sub-portfolios.