Goodwill buys San Jose office building for $17 million

Goodwill of Silicon Valley has just purchased an empty building at 1600 Technology Drive in North San Jose near the airport. The shiny eight-story building is destined to become Goodwill's new headquarters.

They will also use the facilities for job training and employment opportunity services, including no-cost skills training to benefit the local community.

Goodwill got the deal of the century on the building. It was previously valued at $92.4 million in January of 2024. So they paid 81.6% less than the assessed value for the 198,000 SQFT building.

The purchase was made possible by a $10 million donation from MacKenzie Scott (Jeff Bezos' ex-wife). 

Goodwill plans to immediately start relocating administrative and operations staff to the new building. Any unutilized space will be shared with other local nonprofits.

Source: The Mercury News