Oak Technologies has signed a sublease for 88,932 SF at 1390 Kifer Rd., the location Yahoo occupied for about 18 months. Oak plans to move into the space in early November.
Dave Tipton and Ton McGovern of Cresa Partners represented Yahoo in the deal, and Phil Mahoney of Cornish and Carey and Greg Cary of Hudson Jones negotiated for Oak Tech.
Dave Tipton tells GlobeSt.com that Oak Technologies will be expanding its existing Sunnyvale presence in an effort to develop a more corporate image. Tipton adds it will be an easy transition for Oak Technologies and the major selling point of the property was that it is a brand new building.
Rents in this area average about $3.25 per sf to $3.75 per sf, monthly, triple net.
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