NetApp Leases San Jose Building for New Global Headquarters
The Fortune 500 software company has additionally sold its 22-acre, Sunnyvale Campus, and will move into the newly-constructed 301,019-square-foot space in San Jose, CA.
SAN JOSE, CA – Global cloud-led, data-centric software company, NetApp Inc. has secured a long-term 301,019-square-foot lease within Federal Realty Investment Trust’s mixed-use complex, Santana Row in San Jose, CA. The company has additionally sold its 21.5-acre, 702,193-square-foot, Sunnyvale Campus to New York-based, Tishman Speyer.
Savills arranged the Santana Row lease on behalf of NetApp, and additionally finalized the sale of NetApp’s Sunnyvale Campus.
Formerly headquartered at Sunnyvale’s Moffet Park, NetApp will move its global headquarters to the brand-new Santana Row space. The Fortune 500 company will occupy the entire building located at 3060 Olsen Dr.
The property features office amenities, including a full-service café, an 8,500-square-foot rooftop terrace and garden, a penthouse executive wing and onsite parking options. Santana Row additionally features more than two million square feet of retail, residential and hospitality space, a rooftop bar, restaurants, a gym, spas, salons and a movie theater.
The Savills team that managed and negotiated the transactions was comprised of executive managing director and co-branch manager, Joe Brady, managing director, Michael Drew, executive managing director, Peter Hamann and vice chairman, John Brady. Providing advisory services for NetApp was Savills’ workforce strategy senior managing director, Kevin Kelly, head of cross border tenant advisory, Americas, Jess Johnson and client technology solutions corporate managing director, Bryan Ezell.
“With NetApp’s continued business transformation and its future of work strategy, it was clear we needed to find a new space that could accommodate the company’s needs today and beyond,” states Savills’ Joe Brady. “Having worked with NetApp for several years, we were able to zero in on the space and location option that would work best for them as they move forward with a more modern, hybrid work model. Both projects were a real team effort on our end, and it’s gratifying to know that we delivered the perfect solutions for NetApp’s employees, partners and customers.”
In 2018, Savills entered into a master services agreement with NetApp, to provide tenant representation real estate services.