Group led by Shoe Palace CEO buys big South Bay advanced tech building

MORGAN HILL — A big Morgan Hill building that’s suitable for advanced manufacturing has been bought at a hefty discount to its most recent price by a group headed up by the top boss of retailing giant Shoe Palace.

The building, located at 755 Jarvis Avenue in Morgan Hill, was bought for $22 million, according to documents filed on April 11 at the Santa Clara County Recorder’s Office. CBRE commercial real estate brokers Chip Sutherland and Brian Matteoni helped to arrange the transaction.