SAN JOSE, CA-KBS Real Estate Investment Trust II (KBS REIT II), has executed a renewal of a 76,410-square-foot lease by AT&T at its Corporate Technology Centre, a 610,083-square-foot office complex covering 32 acres in Silicon Valley in North San Jose.

Corporate Technology Centre is a class-A, complex with more than one-half mile of freeway frontage along Highway 237 – the major east/west corridor serving Silicon Valley. Originally constructed in 1999 and 2001, the property consists of seven office buildings and one tier 3 data center. It is currently 100% leased to five tenants, including AT&T, Ericsson, Microchip and Dell. The complex includes nearby amenities such as restaurants, shopping, new housing and easy access to the highway. KBS REIT II acquired the complex earlier in 2013.

“This particular location has changed dramatically over the past two years with the addition of significant retail, lodging and residential,” said Brent Carroll, KBS SVP and asset manager. “We believe Corporate Technology Centre's location provides the types of amenities that most properties in the Valley cannot offer.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.