"SAN JOSE - A downtown San Jose building that was constructed more than a century ago to accommodate a furniture store has been bought by a veteran Bay Area real estate firm. The Lion Building at 97 South Second St., next to East San Fernando Street, has been bought for $3.7 million, according to documents filed on Sept. 4 with the Santa Clara County Recorder's Office. Green Valley Corp., which is led by real estate veteran Case Swenson, bought the building, county records show."
"The seller was Lion Building LLC, an affiliate whose executives include Martin Menne, who has ties to the members of the Swenson real estate investment, development and construction organization. The Lion Building was constructed in 1908 to accommodate the L. Lion & Sons Carpet & Furniture Store. The furniture store closed in 1967. One of the well-known occupants in the building was the former Gordon Biersch Brew Pub on the first floor."
The Lion Building at 97 South Second St., next to East San Fernando Street in downtown San Jose, sold for $3.7 million. Green Valley Corp., led by Case Swenson, is the buyer. The seller was Lion Building LLC, an affiliate whose executives include Martin Menne. The building was constructed in 1908 to house L. Lion & Sons Carpet & Furniture Store, which closed in 1967. A well-known tenant was the Gordon Biersch Brew Pub on the first floor; that pub left downtown in 2018 and now operates in Japantown. The sale price was 53% below the January 2025 assessed value of $7.8 million.
Read at The Mercury News
Unable to calculate read time
Collection
[
|
...
]