X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SUNNYVALE, CA-In one of the largest deals seen in Silicon Valley this year, Marvell Semiconductor has signed a 212,000-sf sublease agreement for a building in Yahoo’s new four-building, Sunnyvale corporate business park.

The five-story building, located at 700 First Ave. in Sunnyvale, represents a major expansion for Marvell, a broadband company specializing in developing communications solutions for Internet. Marvell plans to add about 200 employees to fill the space, which it will begin occupying in early 2002.

The lease rate was not released, but similar rents in the area average about $30 per sf, triple net, annually. Subleases are generally signed for 5-10 years. Alan Guterman and Danny Yu of BT Commercial Real Estate/NAI represented Marvell. Tom McGovern and David Tipton of Cresa Partners represented Yahoo.

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.