Gordon Biersch Brewery Cements Future in San Jose with $11.8mm Building Purchase
While brewing company Gordon Biersch has had a presence in San Jose for 30 years, it now looks like they will be able to stay in the same location for decades to come. Gordon Biersch Real Estate Holdings just purchased the 3.1-acre property with a 110,000 s.f. building where the brewing company’s primary operations and restaurant are currently located at 357 E. Taylor Street. Capital Access Group provided $4.8 million in funding for the $11.8 million deal.
Dan Gordon, the principal executive of the brewery company, told the Mercury News, “It’s a thrill for me to complete this purchase. We saw how real estate is getting more expensive in the South Bay. This ensures our longevity in San Jose.”
Gordon Biersch Night Market, an event launched in 2017 featuring street cuisine, musicians, makers, and breweries, will be resuming this month and is expected to run Thursday nights through August. After a temporary pause due to the 2020 COVID-19 pandemic, the return of the series of events is expected to bring crowds to the brewery and its adjacent parking lot.
Owning their own building means increased stability for the brewing company, and a long-term future in San Jose. “We wanted to control our own destiny. We wanted to be here forever,” Gordon said.