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NEC Renews One Lease, Terminates Another

SANTA CLARA, CA-NEC Electronics America signs a long-term lease for its 200,000-sf headquarters building here while terminating its lease for the 75,000-sf building next door.

By Brian K. Miller | Updated on April 30, 2007

SANTA CLARA, CA-Computer chip maker NEC Electronics America has renewed its lease for a 200,000-sf building on Scott Boulevard that sits next to a 75,000-sf building it is vacating. Both buildings are owned by publicly held R&D REIT Mission West Properties, which stated last month in an SEC filing that NEC was negotiating to terminate its lease in the smaller building.

Cornish & Carey, the brokerage firm that negotiated the renewal lease, says NEC Electronics signed a 10-year lease for all of 2880 Scott Blvd., which has been the company’s US sales and design headquarters for the past 10 years. C&C broker Kevin Manning, handled the transaction for NEC.

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