North First Commons – eBay

San Jose, CA


2515-2545 N. 1st Street, San Jose CA 95125


Silicon Valley

Building Size:

250,000 SF

Asset Class:

Office Campus

Date Acquired:

June 2018



Property Description

In 2018, Ocean West acquired North First Commons in an off-market transaction. Built in 2000 and comprised of four office buildings in the highly coveted and severely land constrained North San Jose Innovation District, North First Commons is one of the premier, iconic office campus locations in Silicon Valley, adjacent to the former eBay subsidiary PayPal’s headquarters and minutes from eBay’s global headquarters location in San Jose. eBay has been leasing two of the buildings since 2011 and expanded its footprint in the two-story office campus in 2018 to include the entire square footage of the property. The property is located directly across the street from a VTA light rail station and adjacent to an 87-acre campus owned by Apple.

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