A recent deal has been struck in San Jose as Super Micro Computer, a tech company experiencing a surge in sales, has agreed to purchase the former site of Fry’s Electronics for approximately $80 million. The property, located in North San Jose, spans 19.7 acres and was the long-standing location of the now-defunct Fry’s Electronics store. The acquisition was disclosed in a regulatory filing with the Securities and Exchange Commission on February 1.

This move signals the potential for a significant development in the area, with the tech company eyeing the prime location for future expansion. The purchase of the expansive property underscores Super Micro Computer’s commitment to growth and innovation in the tech sector.

The agreement marks a pivotal moment for the San Jose site, which has remained vacant since the closure of Fry’s Electronics three years ago. The acquisition by Super Micro Computer not only breathes new life into the dormant property but also heralds a positive outlook for the local tech industry.