Scotts Valley’s Premier Enterprise Tech Centre Lands Major Occupant, UC Santa Cruz plus Several Other Tenants; Much More Activity Also Under Negotiation

Cushman & Wakefield has announced that The University of California Santa Cruz has signed a long-term lease for approximately 134,775 square feet of space at the Enterprise Tech Centre (former Borland Campus) in Scotts Valley, CA, a small but growing city located midway along California Highway 17 between Silicon Valley and the state’s Central Coast region. UC Santa Cruz will be consolidating multiple offices currently positioned along the coastline in the city of Santa Cruz and will reportedly be moving approximately 575 workers to the Enterprise Tech Centre campus. The University will instantly become one of the largest employers in the city of Scotts Valley. Drew Arvay with Cushman & Wakefield in collaboration with Steve Sheldon and Jim Wiseman of Sheldon & Wiseman Commercial represented the landlord, an international ownership, in the transactions.

Other deals transpiring at the campus have included (by square feet); Pearl Automation (18,742 square feet), School Messenger (15,350 square feet), Physicians Medical Group (13,366 square feet),Tradin Organics USA (14,223 square feet), ETR Associations (12,166 square feet), Glen Canyon Corp., a smart electric meter company (5,900 square feet), Semblant (3,000 square feet), Paystand (2,352 square feet), Active Sports, which replaced the former health club as an amenity in the campus, Grant J. Hunt, a Produce Distribution Co., plus several other smaller tenants have joined the campus.

The Enterprise Tech Center has reeled in 315,000 square feet of tenant activity since being acquired by the current owner in late 2013. During this time, occupancy growth within the campus has catapulted from a mere 5.0 percent to presently nearly 70 percent (including the UC Santa Cruz lease). In addition, more than 80,000 square feet is currently under negotiation, which if closed would increase occupancy to approximately 88 percent. Based largely on the leasing triumph at Enterprise, the overall available vacancy in Scotts Valley has dropped to single digits at 9.8 percent according to Cushman & Wakefield.

Mr. Arvay said, “Enterprise Technology Center has attracted some of the top companies in the market into this world-class campus.” He added, “Our success has accounted for the overwhelming majority of the total ‘net’ real estate growth that has occurred in Scotts Valley in recent years. We’re very fortunate to be viewed as ‘the place to be’ in Santa Cruz County, accommodating both small and large tenants across multiple industries.”

The Enterprise Technology Centre campus, recognized as one of the finest office/R&D properties on the West Coast, is located at 100 Enterprise Way, directly off of Highway 17 and served as the former headquarters of Borland Software. The 449,380-square-foot architectural jewel features a seven-connected module design that lends itself to uniquely accommodate a wide variety of businesses, both in terms of industry and size. The campus offers a beautiful setting with numerous on-site amenities to include an auditorium, amphitheater, fitness center, swimming pool, tennis courts and cafeteria/restaurant. The campus boasts beautiful “east meets west” architecture and landscaping designed by world renowned architect Kevin Roche; fully furnished, atriums, courtyards and balconies; abundant glass and natural light in a tranquil park-like setting; data and telecommunications cabling throughout; plus ample, secure parking.

The campus also provides convenient access to Santa Cruz and the Silicon Valley, while also benefitting from its reverse commute with the campus being only a 20 minute drive from Los Gatos (Silicon Valley), and 10 minutes from Santa Cruz.

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