X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Palo Alto-based Sun Microsystems, Inc. is taking the space in the 1.2-million-sf Foundry Square development under construction in downtown San Francisco. The developer is Wilson/Equity Office, which has developed more than 8,000,000-sf of class-A office space in the Bay Area. The aggregate value of the Sun lease is said to be $500 million.

If Sun leases space in all four buildings, its lease would total 885,000 sf, surpassing the 665,000-sf transaction by Chase H&Q earlier this year, according to a Wilson/Equity report, making it one of the largest deals in San Francisco history. The computer manufacturing giant has 45 days to decide whether it wants the extra space.

Sun employs about 29,000 workers, who helped the company generate $11.7 billion in sales last year. Currently, the company has one million-sf in Menlo Park, 260,000-sf in Palo Alto, 700,000-sf in Newark and 630,000-sf in Santa Clara. The newly acquired space at Foundry Square can hold up to 4,000 employees, many of whom could be spared the snarling Highway 101 gridlock commute.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.