{"id":1004204896,"date":"2018-01-25T05:40:44","date_gmt":"2018-01-25T13:40:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204896"},"modified":"2022-12-08T16:38:15","modified_gmt":"2022-12-09T00:38:15","slug":"san-jose-office-development-lands-first-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-jose-office-development-lands-first-tenant\/","title":{"rendered":"San Jose Office Development Lands First Tenant"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004204900\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004204900\" data-attachment-id=\"1004204900\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-jose-office-development-lands-first-tenant\/coleman-highline-1143-coleman-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1516880189&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Coleman Highline &#8211; 1143 Coleman Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Coleman Highline &#8211; 1143 Coleman Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg?w=800\" class=\"wp-image-1004204900 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg\" alt=\"Coleman Highline - 1143 Coleman Ave.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Coleman-Highline-1143-Coleman-Ave..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004204900\" class=\"wp-caption-text\">Coleman Highline &#8211; 1143 Coleman Ave.<\/p><\/div>\n<p>Hunter Properties has signed a 162,557-square-foot lease with 8&#215;8\u2014a firm providing cloud communication services\u2014for its Coleman Highline project in San Jose, Calif. The IT company will move its global headquarters to one of the two buildings under construction in early 2019. This deal marks the first lease signed for the development, which broke ground in late 2015. Construction is being financed with a $97.4 million loan held by Wells Fargo Bank,\u00a0according to Yardi Matrix data.<\/p>\n<p>The new five-story office property is situated at 1143 Coleman Ave., immediately south of San Jose\u2019s international airport and near Interstate 880. The location is served by buses operated by the Santa Clara Valley Transportation Authority. In addition to the two buildings currently underway, the owner plans to add four new structures on the same site, according to Yardi Matrix. 8&#215;8\u2019s new headquarters is anticipated to achieve LEED Gold certification. Upon completion of their new space, 8&#215;8 will vacate their current headquarters at 2125 O\u2019Nel Drive and the satellite office at 2665 N. First St., both in San Jose.<\/p>\n<p><em>\u201cThe new 8&#215;8 headquarters demonstrates our commitment to grow our operations in San Jose and deliver a world-class experience for our employees, partners and customers who help accelerate our global growth strategy,\u201d<\/em> said Vikram Verma, CEO of 8&#215;8, in a prepared statement.<\/p>\n<p>More than one million square feet of office space is currently under construction or undergoing capital improvements in the city of San Jose, according to Yardi Matrix data. Last summer, initial plans for a new\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/mammoth-1-msf-san-jose-office-project-in-talks\/\">one million-square-foot development<\/a> were filed with the city.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An IT firm plans to occupy building number one at the Coleman Highline development by 2019. The owner plans to add four more structures on the same site.<\/p>\n","protected":false},"author":861,"featured_media":1004204900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21782,21747,36079,15],"tags":[32779,33277],"class_list":["post-1004204896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-development","category-office","category-san-jose","category-west","tag-leed","tag-wells-fargo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Jose Office Development Lands First Tenant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-jose-office-development-lands-first-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Jose Office Development Lands First Tenant\" \/>\n<meta property=\"og:description\" content=\"An IT firm plans to occupy building number one at the Coleman Highline development by 2019. 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