The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

HP Takes 394,000 SF at New Office/R&D Project

By Bob Howard

SUNNYVALE, CA-Hewlett-Packard has signed a lease for 393,776 square feet at the newly developed Moffett Towers, where the technology firm will consolidate multiple Bay Area locations. The new HP space is at 1140 and 1160 Enterprise Way at San Francisco-based Jay Paul Co.’s 1.8-million-square-foot LEED Gold Moffett Towers office/R&D development.

HP plans to create a state-of-the-art software innovation center in its new facility, according to an announcement from Cornish & Carey Commercial Newmark Knight, whose EVP Phil Mahoney represents Moffett Towers property in all leases. HP, which was represented by Ken Gilbert and Alex Somerville of CB Richard Ellis, intends to begin occupancy of Moffett Towers in early 2012.

Terms of the HP lease were undisclosed. Asking rates for Moffett Towers are $2.85 per square foot per month, NNN.

Read more of the GlobeStreet article here.


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This entry was posted on April 8, 2011 by in In the News, Office, Peninsula, Recent Leases, Silicon Valley and tagged , , , , , .
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