Jay Paul Company is a privately held real estate development company, working primarily in Silicon Valley and based in San Francisco.[1] The company holds more than 11 million square feet of office space in Silicon Valley, and growing.[2]
| Company type | privately held |
|---|---|
| Industry | real estate |
| Founded | 1975 |
| Founder | Jay Paul |
| Headquarters | Silicon Valley |
Area served | San Francisco |
History edit
Jay Paul Company was founded in 1975, as a result of the founder, Jay Paul, saving his father's savings-and-loan business in Southern California.[3][4] In the early 1980s, the company started building office spaces in Silicon Valley.[4] In the late 1990s, Jay Paul Co. bought up part of Moffett Field for development, since then it has grown into five business complexes in a 1,156-acre business district known as Moffett Park within Sunnyvale, California.[5]
Jay Paul Company's first project in the city of San Francisco was 181 Fremont, a skyscraper with a 70-story tower with offices and 67 luxury condos up top.[2] 181 Fremont was completed in 2016, and at the time was the second-tallest building in San Francisco. It replaced a four-story building.[6]
In 2018, Jay Paul Co. purchased Cityview Plaza in San Jose, California which will be an 11-acre, mixed-use development project and includes office, retail, a public plaza, and parking stalls.[7]
It has been speculated that the success of the company has been due to investing in higher quality construction, with consideration of special features uncommonly found in traditional office spaces (such as volleyball courts, basketball gyms, onsite cafes, etc), and investing in spaces along major highways in order to encourage companies that want to display signs.[3][4]
References edit
- ^ "About Us". Jay Paul Company. Archived from the original on 28 July 2015. Retrieved 14 September 2015.
- ^ a b "Jay Paul". Forbes. Retrieved 2019-02-10.
- ^ a b "Developer cashes in with office campuses". Bloomberg News, Finance & Commerce. 2014-07-03. Retrieved 2019-02-10.
- ^ a b c Savchuk, Katia. "Risk-taking Silicon Valley Developer Scores Tech Tenants, Emerges As Billionaire". Forbes. Retrieved 2019-02-10.
- ^ Bitters, Janice (2018-09-30). "Jay Paul Co.'s patience pays off as developer eyes next frontier". BizJournal.com. American City Business Journals. Retrieved 2019-02-10.
- ^ "Jay Paul 'hits the ground running' - San Francisco Business Times". bizjournals.com. Retrieved 10 September 2016.
- ^ Littman, Julie (July 26, 2018). "Jay Paul Co. Makes Big Mixed-Use Buy In Downtown San Jose". BisNow.com. Retrieved 2019-02-10.