San Jose, CA – Equity Office has announced the signing of a long-term lease by InvenSense Inc. for 130,000 square feet at 1745 Technology Drive, a 228,000 square foot Class A office building in San Jose.
InvenSense’s lease will commence on August 1, 2013 and include floors 1-5 of the building. InvenSense was founded in 2003 and is currently headquartered in Sunnyvale, California, with offices in Taiwan, Japan, Korea, China and Dubai. The 1745 Technology building will serve as the company’s new corporate headquarters.
“We are very pleased to have InvenSense as our newest client in our San Jose Airport portfolio,” said Todd Hedrick, Senior Vice President of Leasing with Equity Office. “1745 Technology Drive represented an opportunity for InvenSense to get a “best in class” building with significant image at a discount to the new development pricing in Santa Clara and Sunnyvale. We are confident that companies will continue to see opportunity in the San Jose market as pricing tightens to the north.”
Transaction details for this lease were not disclosed, however tenant brokers include Jim McPhee and John Fennell of Cushman & Wakefield while landlord brokers include Rob Shannon, Christian Marent and Bob Steinbock of CBRE.
About Equity Office
Equity Office is one of the largest owners of commercial office space in the country and controls over 70 million square feet of Class A office space in Northern California, New York, Boston, Los Angeles, San Diego, Denver, Seattle, Columbus, Miami, Atlanta, Austin, Dallas, Boca Raton, Pittsburgh, Philadelphia, New Orleans, Minneapolis and Detroit. The Pacific Northwest forms the company’s largest region with more than 19 million square feet of commercial office assets and numerous development and retail sites in both Northern California and Seattle. In Northern California, Equity Office owns and manages 17 million square feet of Class A office space spread throughout Silicon Valley, the Peninsula, and North Bay. The company also operates San Francisco’s iconic Ferry Building, which includes 175,000 square feet of Class A office above 65,000 square feet of artisanal retail space. The Equity Office team features highly experienced real estate asset managers, investors, developers and property specialists focused on accelerating the market value, operational efficiencies and sustainability of its investment portfolio and enhancing the tenant experience.