SAN JOSE —Joe Brady and Mike Mordaunt of Cresa San Jose recently represented Nutanix, the leader in converged infrastructure solutions for software-defined data centers, in a 31,000 SF office sublease relocation at 1740 Technology Drive in San Jose.
Nutanix, which previously occupied approximately 15,000 SF at 1735 Technology Drive, is expanding its headquarters to accommodate its significant growth. In August, Nutanix announced it had secured a total of $71 million in venture funding, making it the fastest-growing infrastructure startup of the past decade, with 150 systems sold and 600 servers deployed.
According to Brady, Nutanix realized very favorable terms in the plug-and-play space, which features a cohesive environment with an abundance of natural light.
The company, which plans to be moving in this January, will occupy a portion of the fourth floor of the Class A, six-story, 206,876 SF office building.
The sub-landlord, Namco Bandai, was represented by Paul McNamus and John McMahon of Colliers International.
Cresa is the nation’s largest corporate real estate advisory firm exclusively representing tenants. Cresa’s California offices include: San Jose, Palo Alto, San Francisco, Emeryville, Los Angeles, Woodland Hills, Orange County, Ontario, San Diego, and Sacramento.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain, and Facilities Management. With 57 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. For more information visit www.cresa.com.
Photo courtesy of Cresa