Adobe Unveils UT, CA Expansion
The tech giant aims to add 5,000 employees and develop a fourth tower in San Jose, a second building in Lehi and lease two additional buildings in San Francisco.
By Ariela Moraru
Adobe has unveiled expansion plans in California and Utah to keep up with the company’s growth, following its transformation to a cloud-based business, increased focus on digital marketing and several acquisitions, including advertising technology company TubeMogul last year. The investments will add capacity for around 5,000 employees.
Doubling San Jose Presence
345 Park Ave., San Jose
The San Jose tech pioneer first entered the market more than 20 years ago. The company plans to buy additional land at 333 W. San Fernando St., to develop a fourth tower with capacity for 3,000 employees, more than doubling Adobe’s San Jose headcount. The company will reveal project specifics in early 2018.
Headquartered at 345 Park Ave., Adobe has grown to more than 900,000 square feet in San Jose. Cushman & Wakefield manages the 18-story, LEED Platinum certified asset built in 1996, according to Yardi Matrix. The property is just opposite of the new headquarters for Cohesity, a computer data storage company that is relocating from Santa Clara, Calif., to the San Jose tech hub. Â
$90 million Utah investment
3900 Adobe Way, Lehi
Adobe will add up to 1,260 new high-paying jobs in Lehi, doubling its size in Utah over the next 20 years. The tech company plans to expand working space in its current building and develop an additional facility. The company intends to spend an initial estimated $90 million in capital investment and will receive a $25.8 million post-performance tax incentive to support its expansion efforts.
The company first moved into Utah when it acquired Orem-based Omniture in 2009. WRNS Studio designed the 275,000-square-foot building, a $74 million investment, in 2012. Located at 3900 Adobe Way, just off Interstate 15 and close to retail amenities and Hampton Inn Lehi, the four-floor asset is LEED Gold certified.
On a missionÂ
100 Hooper St., San Francisco
Adobe will lease the entire office space under development at 100 Hooper St., in San Francisco’s Mission Bay, with expected capacity for 1,200 employees. The project is slated for completion in fall 2018. Colliers International manages both four-story buildings totaling 400,000 square feet. Owned by Kilroy Realty, the buildings were designed for LEED Platinum certification.
Adobe will maintain its East Bay facility in Emeryville, which it acquired through TubeMogul. The company plans to increase space capacity to more than 400 seats at 1250 53rd St., a property owned and managed by Habitat for Humanity.
Images courtesy of WRNS, Kilroy Realty and Yardi Matrix
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