Cohesity's recent downtown lease brings RiverPark Towers' occupancy rate to 97%.
SAN JOSE—RiverPark Towers, a pair of twin buildings along West San Carlos Street and Park Avenue, have played a significant role in the continuing popularity of downtown by attracting new tech companies to the submarket. The towers are in the center of downtown activity near the San Jose Center for the Performing Arts, San Jose Convention Center, SAP Center and most importantly, Diridon Station.
Included in that tech leasing niche, Cohesity will soon occupy three new floors of RiverPark Tower I, in addition to the five floors it already occupies in RiverPark Tower II. The lease is part of a 60,183-square-foot expansion deal with the data storage technology company.
Newmark Knight Frank advised landlords DivcoWest and Rockpoint Group. The NKF broker team on the deal included vice chairman Phil Mahoney, senior managing director Anne Ralston and executive managing directors Mike Saign and Joe Kelly of the firm's San Jose office. NKF's lease-up strategy brings RiverPark Towers' occupancy rate to 97%.
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
Already have an account? Sign In Now
© 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.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
