{"id":1004726560,"date":"2024-08-23T07:34:43","date_gmt":"2024-08-23T15:34:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004726560"},"modified":"2024-08-23T07:35:28","modified_gmt":"2024-08-23T15:35:28","slug":"federal-realty-inks-hq-lease-at-bay-area-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/federal-realty-inks-hq-lease-at-bay-area-campus\/","title":{"rendered":"Federal Realty Inks HQ Lease at Bay Area Campus"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/photo-One-Santana-West-with-pickleball-7-2024-Credit-Federal-Realtycropped-e1724418236557.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"4782\" height=\"3589\" data-attachment-id=\"1004726563\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/federal-realty-inks-hq-lease-at-bay-area-campus\/photo-one-santana-west-with-pickleball-7-2024-credit-federal-realtycropped\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/photo-One-Santana-West-with-pickleball-7-2024-Credit-Federal-Realtycropped-e1724418236557.jpg\" data-orig-size=\"4782,3589\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L1D-20c&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1719946239&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;10.26&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"photo &#8211; One Santana West with pickleball &#8211; 7-2024 Credit Federal Realty(cropped)\" data-image-description=\"&lt;p&gt;One Santana West&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;One Santana West. Image courtesy of Federal Realty Investment Trust &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/photo-One-Santana-West-with-pickleball-7-2024-Credit-Federal-Realtycropped-e1724418236557.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/photo-One-Santana-West-with-pickleball-7-2024-Credit-Federal-Realtycropped-e1724418236557.jpg\" alt=\"One Santana West, a 375,000-square-foot office building in San Jose\" class=\"wp-image-1004726563\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">One Santana West is part of Santana Row, a mixed-use development that will total 2.4 million square feet of space. <em>Image courtesy of Federal Realty Investment Trust <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Federal Realty Investment Trust has signed a 23,680-square-foot lease at its One Santana West, a 375,000-square-foot office building in San Jose, Calif. Database platform Couchbase will establish its new headquarters at the Class A office property\u2019s ground floor area, with moving in scheduled for the first quarter of next year. Newmark negotiated on behalf of the landlord.<\/p>\n\n\n\n<p>One Santana West is part of Federal Realty Investment Trust\u2019s Santana Row, a mixed-use 2.4 million-square-foot development. The project is set to include more than 1 million square feet of Class A office space, along with a boutique hotel, 615 rental homes, 219 condo units, a movie theater and retail space.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/where-are-most-corporate-relocations-taking-place\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top Destinations for Corporate Relocations<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Designed by Studios Architecture, One Santana West came online in 2022 at 3155 Olsen Drive, at the corner of Winchester Boulevard and Olin Avenue. The eight-story office building features floorplates of up to 53,000 square feet, 13-foot clear heights, covered parking spots and EV charging stations.<\/p>\n\n\n\n<p>Amenities include an on-site caf\u00e9, a fitness studio with private showers, a common-area lobby, a conference center, multiple terraces on the second, seventh and eighth floors, an outdoor plaza, a food court and a golf simulator.<\/p>\n\n\n\n<p>The LEED Gold-certified property also has a five-story parking garage with 1,750 spaces to be shared with the upcoming Two Santana West, an office building expected to comprise 374,100 square feet. Its tenant roster features Acrisure, which occupies 28,626 square feet, and London-based PwC U.S. Group LLP, which <a href=\"https:\/\/www.commercialsearch.com\/news\/federal-realty-signs-141-ksf-office-tenant\/\">signed a 141,000-square-foot lease<\/a> in April. <\/p>\n\n\n\n<p>One Santana West occupies almost 5 acres north of Interstate 280. The location is 5 miles from downtown San Jose and 6 miles from San Jose Mineta International Airport. <\/p>\n\n\n\n<p>Newmark\u2019s team of Executive Managing Directors Todd Shaffer, Tracey Solari and Randy Gabrielson represented the landlord and are in charge of leasing the property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-high-office-vacancy-rates-in-the-west\">High office vacancy rates in the West<\/h2>\n\n\n\n<p>The Bay Area&#8217;s office vacancy rate reached 20.8 percent in July, showing a 280-basis-point rise over the year, according to a recent <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\">CommercialEdge report<\/a>. However, the area performed better than Denver (22.1 percent), Seattle (23.2 percent) and San Francisco, which recorded the highest vacancy rate in the West (25.4 percent).<\/p>\n\n\n\n<p>One of the more significant deals closed in the San Jose metro year-to-date through July was the<a href=\"https:\/\/www.commercialsearch.com\/news\/cannae-partners-blue-vista-ink-146-ksf-bay-area-lease-extension\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Intermolecular&#8217;s lease extension<\/a>. In March, the tenant renewed its 146,159-square-foot commitment at Cannae Partners and Blue Vista Management&#8217;s 3011 N. First St., a property is has occupied for more than a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mixed-use complex is set to include more than 1 million square feet of Class A office space.<\/p>\n","protected":false},"author":2991,"featured_media":1004726563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,36079,15],"tags":[33957,32779,50999],"class_list":["post-1004726560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-san-jose","category-west","tag-federal-realty-investment-trust","tag-leed","tag-newmark"],"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>Federal Realty Inks HQ Lease at Bay Area Campus - 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