William Demchak Of PNC Bank Leases 11,000 Square Feet Office Space From Donald C. Wood In San Jose

The property asset involved in the transaction is an 11,000-square-foot office space located at 3155 Olsen Drive in San Jose, CA. This space was the last available office area within the Santana Row/Santana West mixed-use district created by Federal Realty Investment Trust.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 3155 Olsen Drive
• Market: San Jose, CA
• Landlord: Donald C. Wood - Federal Realty Investment Trust
• Tenant: William Demchak - PNC Bank

PNC Bank, represented by William Demchak, executed the lease agreement for the office space, marking a significant step in the leasing landscape of the Santana Row area, which remains fully leased despite the wider increase in vacancy rates across Silicon Valley.