Two big tech buildings in San Jose have been bought by a veteran local developer, the latest in a string of deals that show investors have yet to slake their thirst for Silicon Valley real estate.

Peninsula Land & Capital has bought two buildings on Optical Court in south San Jose in deals that were completed on Aug. 6, according to documents filed with the Santa Clara County Recorder’s Office.

The buyer, acting through affiliates, paid $63.5 million for the two buildings, the county records show.

The buildings together total 311,600 square feet, posts with the LoopNet property listing service show. The building at 5981 Optical Ct. totals 182,400 square feet and the building at 5970 Optical Ct. totals 129,200 square feet.

The seller was DRA Advisors, according to the public documents.

Palo Alto-based Peninsula Land & Capital, a commercial real estate investment company, has been busy in recent months with property purchases.

In June, Peninsula Land paid a combined $142 million for buildings in south San Jose, Fremont, and Milpitas. The seller in these earlier transactions also was DRA Advisors, a real estate investment advisor.

“We just see good value in research and industrial buildings in good locations,” Roger Fields, a principal executive with Peninsula Land, said in an interview at the time of the June purchases.

Despite uncertainties in the aftermath of the coronavirus outbreak, investors are still purchasing choice properties in Silicon Valley.

In late July, KKR, a New York City-based private equity firm with a global reach, paid $535 million for a landmark three-building tech campus in north San Jose. The tenants in the complex are Micron Technologies and ZScaler.

In late March, Brookfield Properties paid $630 million in a mega-deal for a Mountain View complex. The deal involved two big office buildings leased to Facebook, a building that includes the Showplace ICON Mountain View movie complex with 10 screens, and a parking structure, county public records show.

In the most recent deal, several tenants are occupying the just-bought buildings on Optical Drive in south San Jose: Jabil, an advanced manufacturing services company, and solar companies GAF Energy and Orbotech LT Solar.

“We are seeing a lot of demand for these buildings that are suitable for companies involved in high-end manufacturing,” Fields said in June.