Cushman and Wakefield Arranges Cryptocurrency Lease in Downtown San Jose
In an agreement that bolsters a vacancy-plagued office market, cryptocurrency company Okcoin has leased 35,000 square feet of office space at the 15-story tower located at 160 W. Santa Clara St. in San Jose, CA. As reported in The Mercury News, the lease is a big win for Century\Urban, the San Francisco-based firm that owns the building.
The Cushman and Wakefield team of Brandon Bain, Jeff Cushman and Alex Lagemann helped arrange the lease, along with brokers from real estate firm Savills.
Things are slowly improving in the downtown area, as weekend business is returning to near pre-pandemic levels, however, the office population is lagging. A lease of this size will certainly help the situation. It’s estimated that 175 workers could be shifted to the new San Jose office.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.