SANTA CLARA, CA—JLL has been named exclusive leasing agent for Mission Towers I and II, a pair of class A office buildings totalling more than 573,000 square feet near Bayshore Freeway/Highway 101 in Santa Clara.
Veteran brokers Mark Bodie, Gregg Walker and Scott Mathisen led the assignment. The twin 12-story buildings feature one of the highest profile large block opportunities for tenants seeking class A space in the Valley with up to 150,000 square feet of contiguous space available with prominent building signage opportunities.
Rising rents and falling vacancies in and around the Santa Clara market have prompted a spike in new construction but with significant pre-leasing activity, the opportunities for tenants seeking 100,000 square feet or more in one location remain at a premium. According to JLL's First Quarter Office Market Insight, several major tenants are already targeting large blocks of space in Santa Clara and North San Jose, suggesting further tightening of the market is imminent.
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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.
