Tech companies take on major leases in North San Jose office buildings
SAN JOSE — Two tech companies have signed leases for large office buildings in North San Jose, providing a counterpoint to uncertainties about a return to work in the Bay Area.
Comet Technologies and Gener8, in separate transactions, have leased large office and research buildings that are part of the Montague Crossing Technology Campus at the corner of East Trimble Road and Junction Avenue in San Jose, according to public filings. and Cushman & Wakefield commercial real estate. brokers.
Lease agreements in North San Jose suggest that certain types of office buildings, such as those that can also accommodate research operations, still attract tenant interest.
Comet Technologies has leased an office and research building totaling 91,000 square feet at 541 E. Trimble Road. A building of this size could potentially accommodate 400 to 500 workers.
Gener8 has leased an 84,200 square foot office and research building at 2560 Junction Ave. A building of this size could accommodate 370 to 470 employees.
Brandon Bain, Todd Beatty and Scott Dever, Cushman & Wakefield commercial real estate brokers, negotiated the two leases. Rockford Capital and Four Corners Properties own the campus.
“Research and development office buildings in North San Jose continue to attract tenant interest. Pure office buildings, less,” said David Sandlin, executive vice president of Colliers, a commercial real estate company.
Comet Technologies manufactures components, devices, and software systems that can be used to help manufacture microchips and electronic devices, as well as test parts used in the automotive, aerospace, and security industries .
Gener8 provides design, engineering and manufacturing services to a range of companies, including those producing medical devices and other technology equipment.
These two leases leave the companies ready to expand their local operations.
Comet Technologies is moving out of a building in San Jose that totals 27,500 square feet. Gener8 will vacate a building in Sunnyvale totaling 30,700 square feet.
“You find that tenants who still have to work in person and can’t easily work remotely are very interested in these types of buildings,” Sandlin said, referring to sites that combine office space with building capabilities. research and light manufacturing.