Newmark Completes Nearly $30 Million Sale of Synaptics’ High-Powered Headquarters Location in San Jose

July 24, 2025 12:00 PM

Newmark announces the company has arranged the sale of the Synaptics corporate headquarters at 1109 and 1151 McKay Drive in San Jose, California. The asset was acquired by FH One Investments (“FH One”) for $29.5 million, approximately $265 per square foot.

Newmark Executive Vice Chairman and President, Western Region Capital Markets Steven Golubchik, Vice Chairman Edmund Najera, Managing Director Darren Hollak and Associate Director Brendan Raney represented the seller and the buyer in the transaction.

“High-powered assets in Silicon Valley continue to attract significant investor demand,” said Najera. “The in-place power, coupled with significant capital investment from both the landlord and the tenant, are desired attributes from investors in today’s market.”

Nestled in the heart of Silicon Valley, this property boasts a prime location surrounded by global industry leaders such as Google, Microsoft, Samsung, Dell and Johnson & Johnson. With access to desirable neighborhoods via Highways 101, 880 and 680, the property is also just a five-minute drive from Brokaw Commons, one of the region’s largest retail hubs.

“This acquisition exemplifies our strategy of acquiring institutional-quality assets at attractive valuations,” said Daria Hosseinyoun, Principal of FH One Investments. “We see tremendous value in premier assets with established, creditworthy tenants like Synaptics. The property’s exceptional infrastructure, recent capital improvements and strategic location in one of Silicon Valley’s strongest submarkets made this a compelling investment, and we’re excited to partner with Synaptics as it continues to innovate from this world-class headquarters facility.”

As Synaptics’ corporate headquarters, the property has undergone consistent interior, exterior and cosmetic upgrades, positioning it among Silicon Valley’s premier R&D campuses. Over the past decade, all building systems were replaced alongside extensive aesthetic enhancements inside and out. The property delivers stable in-place cash flow, exceptional R&D facilities and above-average power capacity of 5,000 amps across both buildings.

The International Business Park submarket features 6.3 million square feet of R&D product, with a vacancy rate of 8.6%, according to Newmark Research. This submarket is outperforming the broader San Jose and Silicon Valley vacancy rates of 15.1% and 13.1%, respectively, for R&D properties only.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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