X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN JOSE, CA- Jeppesen Sanderson Inc. has secured itself a birds-eye view of the Bay Area. The Denver-based flight navigation information subsidiary of The Boeing Co. has signed a 10-year 26,300-sf lease at Opus Center San Jose that includes the top-floor of the 16-story, 341,000-sf class-A office building at 225 West Santa Clara Street.

The lease includes the 17,928-sf penthouse suite, a 2,000-sf rooftop terrace and 8,000 sf on the 15th floor, according to building owner Opus West, also based in Denver. Jeppesen is scheduled to occupy the space late this year or early next year, and concurrently will vacate 17,000 sf of tilt-up space in Los Gatos, CA.

The lease rate on the transaction is not being released by the parties involved and was not otherwise immediately available. The full-service asking lease rate for space in the building is $36 per sf per year, including a $30 per sf tenant improvement allowance. The Palo Alto office of the commercial real estate services firm Studley represented Jeppesen in the transaction. Opus West represented itself. None of the parties involved returned phone calls seeking further comment.

Opus purchased the land for Opus Center San Jose in October 1999 and began constructing the building in December of that year. Completed in the 4th quarter of 2001, Opus Center San Jose was the first downtown high-rise to open in the city since 10 Almaden was completed in 1988. The Jeppesen lease brings the building to 65% leased. Other building occupants include Deloitte & Touche LLP, Smith Barney and law firm Thelen Reid & Priest LLP.

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.