The five-story building, located at 700 First Ave. in Sunnyvale,represents a major expansion for Marvell, a broadband companyspecializing in developing communications solutions for Internet.Marvell plans to add about 200 employees to fill the space, whichit will begin occupying in early 2002.

The lease rate was not released, but similar rents in the areaaverage about $30 per sf, triple net, annually. Subleases aregenerally signed for 5-10 years. Alan Guterman and Danny Yu of BTCommercial Real Estate/NAI represented Marvell. Tom McGovern andDavid Tipton of Cresa Partners represented Yahoo.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.