X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SUNNYVALE, CA-Yahoo has completely settled into its new headquarters in Sunnyvale and has subleased its prior location to a high tech company for the remaining 5 years on the master lease.

Oak Technologies has signed a sublease for 88,932 SF at 1390 Kifer Rd., the location Yahoo occupied for about 18 months. Oak plans to move into the space in early November.

Dave Tipton and Ton McGovern of Cresa Partners represented Yahoo in the deal, and Phil Mahoney of Cornish and Carey and Greg Cary of Hudson Jones negotiated for Oak Tech.

Dave Tipton tells GlobeSt.com that Oak Technologies will be expanding its existing Sunnyvale presence in an effort to develop a more corporate image. Tipton adds it will be an easy transition for Oak Technologies and the major selling point of the property was that it is a brand new building.

Rents in this area average about $3.25 per sf to $3.75 per sf, monthly, triple net.

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.