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Ciena Corp. Relocates, Takes 64,336 SF

SAN JOSE, CA-GlobeSt.com EXCLUSIVELY learns that with this latest lease, W3 has fully leased the 3939 North First St. building in San Jose after five months of ownership.

By Natalie Dolce | Updated on July 03, 2013

SAN JOSE, CA-GlobeSt.com has exclusively learned that W3 Partners, an institutional real estate investment manager and operating company, and AllianceBernstein U.S. Real Estate Partners LP, have signed a 10-year, 64,336-square-foot, full-building lease with  Maryland-based Ciena Corp. The building is located at 3939 North First St. in San Jose and will be a relocation from another San Jose location. 

Ciena Corp., a provider of communication networking equipment, will complete its tenant improvements over the summer and plans to move into the building this September. Industry sources tell GlobeSt.com that the lease value is about $16.4 million.

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