{"id":1157,"date":"2026-06-04T07:37:16","date_gmt":"2026-06-04T07:37:16","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=1157"},"modified":"2026-06-04T07:37:16","modified_gmt":"2026-06-04T07:37:16","slug":"cutting-edge-green-tech-firm-is-big-plus-in-san-jose-real-estate-deal","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=1157","title":{"rendered":"Cutting-edge green tech firm is big plus in San Jose real estate deal"},"content":{"rendered":"
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SAN JOSE \u2014 A green-tech company with a new approach to batteries was a big factor behind a real estate entrepreneur\u2019s decision to buy a San Jose office building where the energy firm operates.<\/p>\n

Read more Freed death row prisoner seeks $290 million from Alameda County over jury exclusion scandal<\/a><\/p>\n

A group headed up by South Bay real estate executive Shri Chawla paid $13.5 million to buy a building at 110 Baytech Parkway in North San Jose, documents filed on June 1 with the Santa Clara County Recorder\u2019s Office show.<\/p>\n

\u201cI really believe in the building\u2019s tenant, Lyten,\u201d Chawla said in an interview with this news organization. \u201cI think Lyten will be doing great things.\u201d<\/p>\n

Lyten occupies two sites in that area of San Jose. One is the just-bought 110 Baytech building and the other is at 145 Baytech Parkway.<\/p>\n

\u201cThis company has an amazing approach to the battery industry,\u201d Chawla said. Chawla is an electrical engineer by training and a former semiconductor industry executive.<\/p>\n

San Jose-based Lyten believes its batteries can provide a lightweight, low-cost, green and energy-efficient choice for an array of industries, including electric vehicles, electric aircraft and mobile devices.<\/p>\n

In 2023, the company launched a pilot production line for lithium-sulfur batteries in San Jose. Lyten said lithium-sulfur batteries could result in less expensive electric and mobile products.<\/p>\n

The seller in the property deal was an affiliate of Money360, which in 2024 foreclosed on a $16.3 million loan it had provided for the office building. The lender\u2019s foreclosure proceeding valued the building at $14.4 million.<\/p>\n

Read more 49ers\u2019 Mike Evans feels fresh, rejuvenated as offseason program ends early<\/a><\/p>\n

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These metrics suggest the Chawla Ventures group bought the building at 6 percent below the foreclosure value.<\/p>\n

SVN | Capital West Partners managing director Robin Santiago, a commercial real estate executive, arranged the deal. The research and office building is about 58,000 square feet.<\/p>\n

Chawla said the property he now owns is more than a structure where a tenant can operate. He also wants to be a landlord who does more than collect rent every month.<\/p>\n

\u201cI see real estate not only as buildings but as platforms where innovation companies can grow,\u201d Chawla said.<\/p>\n

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Chawla added that he wants to play a role in Silicon Valley\u2019s emerging industries. He said that his real estate philosophy emphasizes long-term ownership, disciplined financial planning and strategic tenant relationships.<\/p>\n

\u201cMy goal is to own and support properties that serve the future of Silicon Valley, including technology, clean energy, advanced manufacturing, science, and entrepreneurship,\u201d Chawla said.<\/p>\n

Read more Santa Clara County judge issues arrest warrant for 49ers player Brandon Aiyuk<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A green tech company with a cutting-edge approach to the batteries of the future was a big factor behind a real estate entrepreneur’s decision to buy a San Jose office building where the energy firm operates.<\/p>\n","protected":false},"author":1,"featured_media":1156,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nCutting-edge green tech firm is big plus in San Jose real estate deal - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=1157\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cutting-edge green tech firm is big plus in San Jose real estate deal - 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