Property Types Office
85,000SF Lease Signed at Tech Campus in San Jose
May 13, 2008

SVTC Technologies has committed to 85,000 square feet at what will ultimately be the 1.3 million-square-foot Hellyer Oaks Technology complex in San Jose. The technology concern will establish its photovoltaic development center in Building 1 at 5215 Hellyer Ave., where it will use 30,000 square feet as clean room space and 20,000 square feet will be reserved as lab space. Colliers International orchestrated the five-year lease agreement on behalf of property owner GRE Hellyer Oaks L.P.

 
Recent Office Headlines
AIG 70 pine st smal AIG Headquarters Sale Makes Splash in Quiet Manhattan Investment Market
With rumors circulating of a sale price around $100 per square foot, the sale of the 66-story American International Group headquarters in Lower Manhattan likely set the bar for the biggest sale in the area market thus far in 2009.
Despite Office Market Slump, 1M-SF Connecticut Office Campus Trades in $72M Deal
It's an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in a $72.4 million merger transaction. The deal is a coup for Connecticut, as well as its neighbors, as it marks the largest multi-tenant office transaction in the suburban New York Tri-State area so far this year.
Tokyo is Priciest Market as Climate Favors Office Tenants Worldwide: CBRE
Tenants have the edge in most of the world’s major office markets, concludes an analysis by CB Richard Ellis Inc. Class A rents are sliding dramatically and vacancy is ticking upwards in nearly every region, according to the study published last week.