Harris Stratex Networks inked a 10-year lease for the 128,500-square-foot office building at 5200 Great America Parkway in Santa Clara, CA. The broadband technology developer is relocating 300 employees from San Jose in May 2010.
The two-story office building is part of the Great America Place business park in Silicon Valley. DJM Capital acquired the three-building, 224,000-square-foot campus in 2007 for $42.7 million, according to CoStar information. The investment firm completed an extensive renovation of 5200 Great America last year, and is working with Harris Stratex to reposition the building for LEED certification.
"Our new Santa Clara office building has been designed to both consolidate and expand our specific operational needs as well as provide for future growth," said Harald Braun, president and CEO of Harris Stratex. According to Braun, Harris Stratex required a facility that would reduce its carbon footprint through the use of alternative energy. Additionally, the building's Golden Triangle location factored into the company's decision, he said.
Marty Morici of Colliers International represented Harris Stratex. Duffy D’Angelo, also of Colliers International, represented DJM.