Federal Realty Signs Fintech Firm as First Tenant for Santana Row Offices

Global fintech firm Acrisure will be the first tenant of One Santana West, a newly developed office property located at 3155 Olsen Dr. within Federal Realty Investment Trust’s Santana Row in San Jose. The company reportedly will consolidate from eight existing offices in Northern California into 29,000 square feet at One Santana West, with plans to move in next April.

“Bringing employees together under one roof will increase cohesion, collaboration and innovation,” said Jennifer Anderson and Dan Michelini, managing partners of Acrisure’s West region. “This is crucial as we prioritize our clients’ needs with an eye on providing the service and experience they’ve come to expect.”

The Mercury News reported that Federal Realty’s original plan was to sign one or two large tenants for all of One Santana West’s 375,000 square feet. However, that plan, formulated before the COVID-19 pandemic, was changed as tech firms began laying off employees and downsizing their offices. The owner-developer pivoted to attracting smaller tenants.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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