Search
 

Aspect Communications Re-Ups with Spieker Properties for 193,000 SF

SAN JOSE-After five years out of the market, the locally based purveyor of channel marketing Websites has re-leased 193,000 sf at Spieker's Creekside Technology Center here on Fox Drive. It also is busy developing office space on property it owns across the street.

By Brian K. Miller | Updated on January 11, 2001

SAN JOSE-Aspect Communications has locked down 193,000 sf at Spieker Properties’ Creekside Technology Center for another five years. The maker of customer service Web site building software isn’t revealing the cost of the lease, but given the current market conditions, the general lack of larger spaces and the fact that the market has far outpaced inflation, the company is no doubt paying significantly more than they did to secure the space five years ago.

The going rate for comperable flex-office space in the area reportedly goes for between $4 per sf and $5 per sf per month. Cushman & Wakefield’s James Koch, who brokered the deal, says the San Jose-based company negotiated a “market rent” and that there are “certainly deals happening above what we agreed to.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.