{"id":1004745089,"date":"2025-01-31T05:45:08","date_gmt":"2025-01-31T13:45:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745089"},"modified":"2025-01-31T07:24:27","modified_gmt":"2025-01-31T15:24:27","slug":"nvidia-eyes-bay-area-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nvidia-eyes-bay-area-expansion\/","title":{"rendered":"NVIDIA Eyes Bay Area Expansion"},"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\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004745103\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/2701-san-tomas-expressway-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&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;0&quot;}\" data-image-title=\"2701 San Tomas Expressway\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg\" alt=\"Exterior shot of the office building at 2701 San Tomas Expressway in Santa Clara, Calif.\" class=\"wp-image-1004745103\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The three-story 2701 San Tomas Expressway is one of the four office buildings NVIDIA has occupied since April 2010. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>NVIDIA is expanding its Silicon Valley office holdings. The firm intends to buy from The Sobrato Organization a 500,000-square-foot campus located across the road from its headquarters, according to <em>SiliconValley.com<\/em>.<\/p>\n\n\n\n<p>NVIDIA has leased the four buildings at 2701, 2711, 2721 and 2731 San Tomas Expressway in Santa Clara since April 2010. The tech company agreed to acquire the assets along with a parking garage at 2741 San Tomas Expressway. The price to be paid was not reported and a closing date was not disclosed.<\/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\/top-california-markets-for-office-transactions\/\">Top California Markets for Office Transactions<\/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>Completed in 2010, the 19.2-acre campus comprises three-story, 125,000-square-foot buildings with 41,667-square-foot floorplates, according to CommercialEdge. NVIDIA was the sole tenant at the property that&#8217;s across from its 2788 San Tomas Expressway corporate offices.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nvidia-keeps-expanding\">NVIDIA keeps expanding<\/h2>\n\n\n\n<p>In May, NVIDIA paid former landlord Preylock Holdings nearly $375 million for several sites also located near its headquarters, according to media reports. That deal included six parcels of land, eight buildings, two parking structures and 2 million square feet of future development rights, the <em>San Francisco Standard<\/em> reported. Data centers and lab facilities were part of that transaction as well.<\/p>\n\n\n\n<p>In more recent expansion news, the firm leased an office and research building in north San Jose, Calif., from Menlo Equities in December. The 101,600-square-foot property is at 300 Holger Way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-sales-in-the-bay-area\">Office sales in the Bay Area<\/h2>\n\n\n\n<p>The Bay Area ranked third in the U.S. for office sales volume last year, after Manhattan and Washington, D.C., according to a <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report-december-2024\/\">CommercialEdge report<\/a>. The market witnessed more than $2.1 billion in transactions year-to-date as of November, with assets changing hands, on average, for $293 per square foot. <\/p>\n\n\n\n<p>In one of the largest deals of the period, Microsoft paid $330 million for a five-building campus in Mountain View, Calif. The sale price equated to $513.2 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm intends to double its office footprint.<\/p>\n","protected":false},"author":1068,"featured_media":1004745103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,36079,15],"tags":[38259,45572],"class_list":["post-1004745089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-jose","category-west","tag-nvidia","tag-the-sobrato-organization"],"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>NVIDIA Eyes Bay Area Expansion - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"NVIDIA intends to buy a 500,000-square-foot campus located across from its headquarters in Santa Clara, Calif.\" \/>\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\/nvidia-eyes-bay-area-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NVIDIA Eyes Bay Area Expansion\" \/>\n<meta property=\"og:description\" content=\"NVIDIA intends to buy a 500,000-square-foot campus located across from its headquarters in Santa Clara, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nvidia-eyes-bay-area-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-31T13:45:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-31T15:24:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/2701-San-Tomas-Expressway-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nvidia-eyes-bay-area-expansion\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nvidia-eyes-bay-area-expansion\/\",\"name\":\"NVIDIA Eyes Bay Area Expansion - 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