SANTA CLARA, CA-In the latest of a series of “monster” leasing deals that signal a resurgence of the Silicon Valley office market, Avaya has leased 275,155 square feet in the Towers at Great America in Santa Clara, CA.

The business-communications is hardly a stranger to Santa Clara, however. Avaya had subleased 200,000 square feet in the same 645,651-square-foot project, which is owned by PREI and managed by San Francisco-based Harvest Properties.  

According to the property manager, Avaya plans to relocate, employees and operations currently scattered throughout several offices in the office complex.  

By mid-2012, Avaya plans to occupy about 43% of the 645,651-square-foot office complex located on Great America Parkway in this Bay Area city. Other notable tenants in the building include Tellabs Operations and Citrix.

Representing the tenant in lease negotiations was Douglas Sugimoto of Cornish & Carey Commercial Newmark Knight Frank, while the landlord was represented by Christian Marent and Bob Steinbock of CB Richard Ellis. Deal terms were undisclosed.

PREI bought the 10-year-old office campus from Nortel Networks in 2001, in a sale-leaseback deal. Shortly after, Nortel filed a Chapter 11 bankruptcy, and PREI repositioned the single-tenant flagship into a multi-tenant property. In October 2009, PREI hired Harvest, in part, to refurbish some common areas and prepare the building for multiple tenants.

Headquartered in Parsippany, N.J., PREI manages about $48.1 billion in real estate assets for nearly 500 clients internationally. The Harvest Properties portfolio represents nearly eight million square feet of office, industrial, R&D and retail properties in the San Francisco Bay Area.