Bixby Land Company has signed an eight-year lease with Nimble Storage to occupy a newly redesigned 165,000-square-foot Silicon Valley office campus at River Oaks Parkway and Zanker Road in San Jose, Calif. The Orange County, Calif.-based developer transformed the three-building project in June 2012 into a vibrant work environment to meet the needs of today’s workforce.
"Companies are increasingly seeking office space with dynamic, collaborative work environments and high quality amenities in order to attract and retain top talent," said Bill Halford, president and CEO of Bixby Land Company.
Nimble Storage is a rapidly growing storage software company that develops flash-optimized storage architecture. The firm will use this new location for its U.S. headquarters, and also operates with offices in Australia, Germany and the U.K. Nimble Storage is relocating from a neighboring location on Zanker Road.
Bixby incorporated significant upgrades to building elevations in its contemporary redesign. The project features the signature Bixby Retreat™, a spacious 30,000-square-foot outdoor living room where tenants can meet to collaborate or simply relax. Accented with eco-friendly landscaping, the outdoor area provides the ambiance of a private park for employees. Bixby also redesigned the building lobbies, installed new roofs and upgraded HVAC systems.
The total lease consideration is valued in excess of $31 million. Bixby Land Company was represented by Steve Horton, Kelly Yoder and Erik Hallgrimson of Cassidy Turley. Steve Lico and David Tipton of Cresa Partners represented the tenant.
This transaction represents the second corporate headquarter project completed and leased by Bixby Land Company in Silicon Valley in the past year. The firm previously leased a two-building, 127,000-square-foot office campus to Infoblox in May 2012. Located at 3111 Coronado Drive in Santa Clara, Bixby’s highly acclaimed office renovation garnered the 2012 Best Rehab/Reuse Award by the Silicon Valley Business Journal.
Bixby Land Company plans a May 2013 announcement for yet another major office campus redesign in San Jose.
About Bixby Land Company
Bixby Land Company is a leading commercial real estate developer and operator with a portfolio of assets under management nearing $1 billion. The company is a privately-held REIT that owns core industrial and value add investments in R&D and office properties throughout the Western U.S. Bixby Land Company has a vertically integrated operating platform backed by a veteran management team. For more than 100 years, Bixby Land Company has been committed to adding value for its investors and shareholders.