Align Technology Inks 129K SF Lease

Align Technology (ALGN: 19.20 0.00%) has signed a 7-year lease with Equity Office for two buildings on Orchard Parkway. The 129,000 square foot lease is for 86-months, and consists of two (2) 64,500 SF buildings located at 2560 Orchard Parkway and 2570 Orchard Parkway.
The terms of the lease are:

86 Months
First 2 Months Free
$1.00 NNN start [...]

Harmonic Leases 188K SF in North San Jose

It’s been a fairly busy December relative to the rest of the year. A couple big deals have been signed, including the Facebook and Rambus deals.
Harmonic (HLIT: 6.46 0.00%) has also made a big move by signing a lease about a week ago for 188,332 SF at Carlyle Realty’s North First Street project (4300-4400 North [...]

Cortina Systems’ Sunnyvale Deal

Back in the summer Wrightwood Capital foreclosed on Bordeaux Centre, the 2-building ~124,000 SF newly constructed project in Moffett Park. Since taking it back, they’ve leased one of the buildings to Cortina Systems. Last week we blogged about the Moffett Towers deal signed with Rambus. Since then, we’ve received some comments on the post, as well [...]

Moffett Towers Lands Rambus For 125K SF

It took a few years, but Moffett Towers has landed a tenant (ht Phil). Rambus (RMBS: 22.54 0.00%) has become the guinea pig.  It signed a lease for 125,000 square feet on December 15th. The 10-year term begins around July 2010 once its tenant improvements are completed.
The space will be delivered turnkey. They are occupying [...]

Juniper Networks Renews 425K SF Headquarters Lease

Juniper Networks (JNPR: 30.25 0.00%) has renewed its lease for the three buildings it occupies as its headquarters in Sunnyvale. The buildings are located at 1184, 1194, and 1220 N. Mathilda Avenue and were constructed between 2000 and 2002. Average floor plates are 35,400 (comparable to Moffett Towers interestingly enough – doubt it was a [...]

Mellanox Takes Down 26K SF in Sunnyvale

Mellanox Technologies has signed a 65-1/2 month lease for 25,523 square feet at 350 Oakmead Parkway in Santa Clara. The rental rate is $2.25 per month, fully-serviced, with 2% annual escalations. Concessions included 5 1/2 months of free rent, and up to $25 per square foot in tenant improvement dollars.
The company will be relocating its [...]