Santana Row office deal in San Jose offers real estate market hope

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A big lease by a professional services titan at Santana Row in San Jose suggests that tenants hunger for amenities-rich office sites.

SAN JOSE — A big lease by a professional services titan that will bring more than 1,000 jobs to Santana Row in San Jose shows amenities-rich office sites can prosper despite a wobbly Bay Area office market.

The professional services firm leased 141,000 square feet at the One Santana West office building, said Federal Realty Investment Trust, principal owner of Santana Row at Stevens Creek Boulevard and South Winchester Boulevard. “Our custom-built office will feature an inclusive design that prioritizes a calming environment and supports a neurodiverse workplace,” Nayar said. “We’re designing a space that caters to the unique needs of our people, cultivating a workplace experience that inspires and uplifts.”

“The space will be experience-centered, tech-enabled, and offer customization, connection, and variety,” Nayar said. “We’re also continuing to equip our people with the latest skills in generative AI, empowering them to deliver exceptional solutions for our clients. So it’s the perfect time to reimagine our office.”

Federal Realty notes that Santana Row features 100 shops, dining establishments, salons and fitness centers, along with 834 homes, a boutique hotel and more than 1 million square feet of office space. “Santana Row continues to thrive,” said David Taxin, a partner with Meacham/Oppenheimer, a commercial real estate firm. “The amenities are what people want. Restaurants, gyms, fine dining, entertainment, retail, fitness centers, those are all close to the office buildings.

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