SAN JOSE \u2014 Samsung Semiconductor has added to its San Jose footprint with the purchase of another office building near the tech titan\u2019s regional Silicon Valley headquarters.<\/p>\n
The just-completed purchase marks Samsung\u2019s second purchase in roughly 20 months of office sites<\/a> near and next to the tech company\u2019s campus at North First Street and West Tasman Drive in North San Jose.<\/p>\n In the latest deal, Samsung paid $29.5 million in cash to buy a research and office building at 3775 North First Street in North San Jose, a public document filing on Oct. 15 shows.<\/p>\n The building totals 68,000 square feet and occupies 4.6 acres, according to marketing materials circulated by CBRE, a commercial real estate firm.<\/p>\n In February 2025, Samsung paid $27 million to buy a building at 3725 North First, totaling 70,700 square feet on a 5.2-acre parcel. Apple sold that building to Samsung.<\/p>\n \u201cThe deal shows Samsung\u2019s confidence in Silicon Valley,\u201d said David Sandlin, an executive vice president with Colliers, a commercial real estate firm. \u201cThis also shows the strength of the North San Jose office market.\u201d<\/p>\n In 2018, the seller in the latest deal, Sacramento-based real estate firm SVP Management, paid $18.2 million for the 3775 North First building. That suggests a 60% increase in the building\u2019s value in eight years.<\/p>\n