By Kate Snyder
In the midst of several major companies across Silicon Valley working to decrease their office footprints, Texas Instruments has made a deal to lease approximately 210,000 square feet of the Great America Commons in Santa Clara, according to an industry source with knowledge of the leasing market in Silicon Valley.
The Great America Commons is a 635,000 square foot campus that includes two six-story buildings and 103,000 square feet of outdoor space, according to the property’s website. It is located at 4555 and 4655 Great America Parkway. Nearby attractions include the South Bay Shores, part of the Great America theme park, the Hilton Santa Clara and Levi’s Stadium, according to Google Maps.
Great America Commons is also undergoing a significant multi-phase revitalization, according to The Registry’s previous reporting. The campus’s new modern indoor and outdoor improvements are being built over two phases that focus on employee productivity, happiness and well-being.
Cushman & Wakefield is in charge of leasing at the campus. Part of the campus is Harvest Hall, a solar-powered zero energy amenity building, marketing information shows. Features include a solar parking canopy system installed on the upper levels of the parking structure, a full-service food hall with catering services, a state-of-the-art fitness center with a locker room and showers and an outdoor fireside lounge designed for company happy hours, impromptu meetings or lunch breaks.
Texas Instruments is headquartered in Dallas but has several offices around the world, including one already in Santa Clara, at 2900 Semiconductor Drive, south of the 101 from the new location at Great America Commons. The firm is dedicated to the design, manufacture, test and sale of analog and embedded semiconductors in markets that include industrial, automotive, personal electronics, communications equipment and enterprise systems, according to the company’s website.
Sales and leasing activity in Santa Clara hasn’t abated despite the uncertainty swirling in the market. Recently, an affiliate of John Deere bought an 83,590 square foot office building in Santa Clara for $85 million, or about $1,016 per square foot, according to previous reporting from The Registry. The affiliate, Blue River Technology, bought the property at 3303 Scott Blvd. from an entity affiliated with Toeniskoetter Development, which developed the building in 2015.