Santa Clara County Signs 204K SF Lease In San Jose
Santa Clara County has signed one of the largest leases of the quarter in Silicon Valley. It inked a lease for 204K SF at the yet-to-be-built six-story building at 353 West Julian St. planned by The Sobrato Organization in Downtown San Jose, The Mercury News reports.
San Jose’s office market has heated up in recent months following Google’s plans for a new campus at Diridon Station. Adobe Systems plans to break ground in 2019 on a fourth tower to its downtown headquarters. A JV between TMG Partners and Valley Oak Partners plans to build 1M SF of office in downtown San Jose.
Construction on what could be downtown San Jose’s first Class-A office building in the last few years is expected to begin in eight to 10 weeks with completion in Q3 2019, The Sobrato Organization Vice President of Leasing and Acquisitions Chase Lyman told The Mercury News. The office building is part of the River Corporate Center.
Santa Clara County currently has two leases of 145K SF each at two office buildings at 333 and 373 West Julian St.