X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SANTA CLARA, CA-Seagate Technbology recently expanded its leasehold at 3121 Jay St., one of three neighboring buildings owned by Westcore Properties. The maker of hard disk drives signed a 53-month lease for 12,231 sf of office/R&D space. The cost of the lease is $1.4 million sf, which translates to an average lease rate of $2.16 per sf per month.

The company already leases 23,442 sf at 3101 and 3121 Jay Street. The new lease takes its total leasehold in the two buildings to 35.673 sf. Westcore also owns 3151 Jay St. The three buildings total approximately 145,000 sf.

Matt Shelton of J.R. Parrish represented Seagate in the lease negotiation. Westcore Properties represented itself.

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.