Tishman Speyer Adds 700K SF to Substantial Bay Area Footprint
Tishman Speyer recently acquired a four-building class-A office campus on Crossman Drive in Sunnyvale. It currently serves as the headquarters location for NetApp, which plans to relocate later this year following a short lease back.
The transaction adds to Tishman Speyer’s growing footprint in Silicon Valley and the Bay Area overall. The firm’s existing portfolio of signature properties in the region includes Bayside Towers in Foster City, 400 Castro St. in Mountain View and several major properties in San Francisco. The latter group includes among others 222 Second, which is leased to LinkedIn, and the Mission Rock project underway in collaboration with the San Francisco Giants.
Plans call for the Sunnyvale property, which totals 700,000 square feet of office space, to be re-leased to one or more tenants after capital improvements. In addition, Tishman Speyer plans to introduce its popular ZO suite of service offerings to tenants at the campus.
Most of the property’s broad array of amenities – including a gym with basketball court, lockers and showers, executive briefing center, a full-service cafeteria, multiple kitchens, break centers, phone rooms and other common areas – will be retained. The site located in the Moffett Park submarket also includes two parking structures plus outdoor recreational space.
Phil Mahoney, Jon Mackey and Mike Saign at Newmark will handle leasing on behalf of Tishman Speyer. Joe Brady, Mike Drew, Peter Hamann and John Brady at Savills represented NetApp.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.