Verizon's Monster San Jose Lease

San Jose's empty and newly renovated 250k SF THE Campus just netted its first tenant and it's a big one. (It's THE tenant.)

Verizon Corporate Services just called two buildings, signing yesterday for 136k SF at 375 and 397 Trimble Rd. The project's been through a lot (during the recession the complex went back to a lender before Bixby Land Co stepped in late 2012). After a $26M renovation it's now got a boutique hotel feel, with couch seating areas and fire pits. (Though there is a strict "no burning the couches" policy.) Bixby transformed a secluded 20k SF area into outdoor pods for meetings—or happy hour (or hide and seek)—and mechanical roll-up doors open up more space to the outside. Tenants can burn calories in the bocce ball court, outdoor exercise deck and yoga area.

Now one 91k SF building remains up for grabs. (We're just guessing it won't be AT&T, though that would make for some heated bocce ball tourneys.) Bixby was repped by CBRE's Christian Marent, Rob Shannon and Vincent Scott and Verizon was repped by CBRE's Michael Filice and Matthew Hargrove. Back in March when leasing kicked off Christian told us there's a fair amount of vacancy in that pocket of San Jose due to the repositioning work in the area, with owners like TMG dumping lots of capital into existing buildings. This marks Bixby’s third major office park repositioning in the past two years.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Power Availability Becomes New Requirement For Shifting Bay Area Industrial Base

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals