MILPITAS, CA (April 24, 2018) — Orchard Partners is pleased to have signed Advanced Energy Industries Inc. (AE) to 888 Tasman Drive, located on the 47-acre Tasman Tech campus. AE will occupy the newly updated 25,000 square-foot first floor of a two-story building featuring floor-to-ceiling glass lines. Interior improvements offer contemporary design elements and generous ten-foot ceilings. Outdoor amenity spaces have eco-friendly landscaping while the property’s cutting-edge signage provides excellent tenant identity and wayfinding.
Advanced Energy develops advanced power and control technologies for leading semiconductor and industrial customers. The company will be relocating from their current office in San Jose. Kevin Waldman and Tom McGovern of Cushman & Wakefield represented AE, while the landlord was represented by Bob Steinbock and Sherman Chan of CBRE.
Located on Tasman Drive between Interstate 880 and Coyote Creek, Tasman Tech is comprised of 14 buildings totaling 609,228 square feet. Orchard Partners acquired the office/R&D complex in 2014 with Houston-based Lionstone Investments. Interior and exterior improvements have been made to elevate the campus to best-inclass with beautiful outdoor spaces and innovative work environments.
“Our central location adjacent to the Light Rail connection to the Milpitas BART station, ample surface parking, great freeway access, and bike facilities make this a true transit-oriented development,” states Mike Biggar, Managing Partner at Orchard. “With competitive rents relative to comparable locations and ease of access to and connectivity with the Bay area, Tasman Tech provides an excellent foundation for tech companies to grow and scale.”
Flexible single or multi-tenant market-ready spaces ranging from 11,000 – 225,000 square feet are currently available.
About Orchard Partners
Orchard Partners was formed at the beginning of 2007 to continue the investment and development activities of Orchard Properties—a real estate organization well known throughout the Bay Area for more than 35 years. The Company focuses on core and value-add investment opportunities, and specializes in office and industrial properties throughout the Western United States. Since its inception, Orchard Partners has acquired over $700 million worth of industrial and office properties in the Bay Area, Seattle, and southern California. Please review our web site at www.orchardpartners.com.
About Lionstone Investments
Lionstone Investments is a data-analytics driven real estate investment firm that specializes in conceptualizing, analyzing, and executing national investment strategies on behalf of institutional investors and high net worth individuals. Lionstone’s objective is to identify and execute smart investments by understanding the evolution of internationally competitive cities, then pinpointing where the most productive people in America want to live and work—Places for Productive People.® Since its founding in 2001, Lionstone has consistently generated cycletested real estate investment performance that has exceeded peer and industry benchmarks. Lionstone’s investment DNA was, and continues to be, data-driven, and is its greatest point of differentiation from other firms. Using proprietary research tools and algorithms, a highly-skilled staff, and deeply-experienced leadership, Lionstone sources unique investment opportunities and effectively executes them nationwide. Lionstone Investments LLC is a wholly-owned subsidiary of Columbia Management Investment Advisers, LLC. Please visit our website at lionstoneinvestments.com. ket-ready spaces ranging from 11,000 to 225,000 square feet are currently available.