SV10

Local Capital Group invested in and became the Operating Partner in December 2018, and the two co-founders of Blue Rise Ventures were responsible for the execution of the business plan from acquisition to disposition in July 2021. SV10 is comprised of 10 building Industrial / R&D portfolio totaling 745K sq ft throughout Silicon Valley, namely Fremont, Milpitas, and San Jose.

The R&D and Industrial buildings are located in prime locations with key industrial attributes: loading, power and clear height. Silicon Valley has an overriding theme of converting industrial into office and/or residential. With a decreasing supply of Industrial and R&D, SV10 buildings were poised to be leased with strong rental growth.

The investment plan included renewing tenants at market rent, completing deferred capital, small vacancy reduction and working with existing tenants to provide best-in-class space and service as an owner and property manager.