2600 Nice America Parkway. Picture courtesy of Business Edge
Tech firm Silergy Know-how has signed a 27,715-square-foot lease at Irvine Co.’s Santa Clara Gateway workplace campus. Cushman & Wakefield Managing Director Alex Lagemann brokered the lease settlement on behalf of the tenant, which is able to increase its Silicon Valley company headquarters on the property.
Silergy will relocate from Sunnyvale, Calif. to Santa Clara, Calif., and can occupy all the prime flooring of the six-story 2600 Nice America Parkway, situated throughout the three-building campus. The corporate’s new headquarters will embrace each workplace and lab house.
Standing on a on a 14-acre lot, the 164,594-square-foot constructing got here on-line in 2014 , in response to CommercialEdge. Designed by Pei Cobb Freed, the LEED Gold- and Power Star-certified property contains a market café, a health heart, open-air collaboration areas, two sport rooms, in addition to floor parking, bike lockers and EV charging stations.
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The property affords connectivity to Freeway 237, in addition to freeways 880, 680 and 101, being inside strolling distance of native transportation stations. The retail, eating and recreation locations at Santa Clara Sq. Market are additionally accessible by foot. Levi’s Stadium, Hyatt Regency Santa Clara and the Santa Clara Conference Heart are lower than 2 miles of the property.
The Silicon Valley workplace market witnessed development in Q1
The Silicon Valley workplace market closed the primary quarter with a constructive internet absorption of 152,767 sq. ft, attributable to giant workplace lease signings, in response to a Colliers report. The typical emptiness fee reached 10.7 p.c, marking a 30-basis-point lower because the earlier quarter and down 10 foundation factors year-over-year.
In keeping with the identical report, whereas widespread tech layoffs have affected quite a few Silicon Valley corporations, the influence on precise workplace employees has been minimal. The truth is, many corporations are using this market instability as a possibility to restructure their companies.
