SAN JOSE, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Equity Office has signed a long-term lease with InvenSense Inc. for 130,000 square feet at its 1745 Technology Dr. property here in San Jose. InvenSense's lease will begin on August 1, 2013 and include floors one through five of the 228,000-square-foot class A building.
InvenSense was founded in 2003 and is currently headquartered in Sunnyvale, CA, with offices in Taiwan, Japan, Korea, China and Dubai. The 1745 Technology building will serve as the company's new corporate headquarters.
GlobeSt.com recently reported that companies would start to look south to the San Jose area as pricing tightens in northern areas like Palo Alto, Mountain View and Sunnyvale. We also reported recently that San Jose is currently undergoing a “metamorphosis,” and is under pressure to meet the changing worker demand.
Transaction details for this lease were not disclosed.
Check back in the next day or so for an update on this story with thoughts from Todd Hendrick, SVP of leasing with Equity Office, and from CBRE's Rob Shannon.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
