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Market Trend: Select Top Five South Bay Office Leases Signed in Q2 2013

September 3, 2013
The select top office lease signed during the second quarter of 2013 in the South Bay market was at 2880 Scott Blvd. in the Scott Blvd Corridor submarket. Nvidia leased 200,000 square feet. Jones Lang LaSalle represented the landlord, while CBRE represented the tenant.

Nimble Storage leased 164,608 square feet at 211 River Oaks Pky. in the Oak Creek submarket. Cassidy Turley represented the landlord, while Cresa represented the tenant.

Walmart.com leased 48,405 square feet at 600 W California Ave. in the Peery Park submarket. Colliers International represented both parties.

Nuance Communications, Inc. renewed 71,070 square feet at 1198 E Arques Ave. in the East Arques Ave Corridor submarket. Cassidy Turley represented the landlord.

Cloudera leased 53,558 square feet at 1001 Page Mill Rd. in the Palo Alto South submarket. Cornish & Carey Commercial NKF represented both parties.

This trend is compared to the U.S. National Office largest lease signings occurring in Q2 2013, which include the 551,454-square-foot renewal deal signed by the Department of Defense at the Zachary Taylor Bldg in the Washington DC market; the 546,604-square-foot lease signed by Conoco Phillips at Energy Center Three in the Houston market; the Transportation Security Administration's 545,747-square-foot renewal deal at Pentagon City in the Washington DC market; and the 522,862-square-foot renewal deal signed by Simpson Thacher & Bartlett LLP at 425 Lexington Ave. in the New York City market.

The information in this news report is based on CoStar’s Second Quarter 2013 Market Report, a 40+ page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 888-226-7404.

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