Silicon Valley office owners concerned that the market might join San Francisco in a large-scale downsizing of tech office footprints breathed a huge sigh of relief this week as the Chinese parent of TikTok signaled its intention to ink a 658K sublease at a two-building campus that Verizon anchored in San Jose.
ByteDance, the tech conglomerate based in China, is planning to sublease Coleman Highline, a two-building campus on Coleman Ave. in San Jose, according to a report in the San Jose Mercury News.
When the 1.75M SF Gensler-designed development opened in 2020, Verizon Media had pre-leased the lion's share of the space and Roku had reserved 730K SF for its new corporate headquarters.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
