Jay Paul Company Explained

Jay Paul Company
Type:privately held
Industry:real estate
Founder:Jay Paul
Hq Location:Silicon Valley
Area Served:San Francisco

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.

History

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.[2] [3] In the early 1980s, the company started building office spaces in Silicon Valley. 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.[4]

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.[5] 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.

Notes and References

  1. Web site: About Us . Jay Paul Company . 14 September 2015 . dead . https://web.archive.org/web/20150728065421/http://jaypaul.com/AboutUs.aspx . 28 July 2015 .
  2. Web site: Developer cashes in with office campuses. 2014-07-03. Bloomberg News, Finance & Commerce. en-US. 2019-02-10.
  3. Web site: Risk-taking Silicon Valley Developer Scores Tech Tenants, Emerges As Billionaire. Savchuk. Katia. Forbes. en. 2019-02-10.
  4. Web site: Jay Paul Co.’s patience pays off as developer eyes next frontier. Bitters. Janice. 2018-09-30. BizJournal.com. American City Business Journals. subscription. 2019-02-10.
  5. Web site: Jay Paul. Forbes. en. 2019-02-10.
  6. Web site: Jay Paul ‘hits the ground running’ - San Francisco Business Times. bizjournals.com. 10 September 2016.
  7. Web site: Jay Paul Co. Makes Big Mixed-Use Buy In Downtown San Jose. Littman. Julie. July 26, 2018. BisNow.com. 2019-02-10.