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Therma LLC Signs 212683 Square Foot Lease At San Jose Logistics Center Represented By CBRE's Chip Sutherland & Brian Matteoni

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LEASED

California

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Industrial212,683 SF
Leased 10/28/2025
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LEASED

Therma LLC Signs 212683 Square Foot Lease At San Jose Logistics Center Represented By CBRE's Chip Sutherland & Brian Matteoni

650 North King Road

See Similar Deals
Industrial212,683 SF
Leased 10/28/2025
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:212,683 SF
Transaction Type:Lease

The asset involved in the transaction is an industrial property located at 650 North King Road in San Jose. This property has a total square footage of 212,683 and is classified as a Class A industrial warehouse managed by Ares Industrial Management and owned by an Ares Real Estate fund.

Summary of transaction details:

Chip Sutherland and Brian Matteoni from CBRE represented the transaction, facilitating the full-building lease agreement signed by Therma LLC. This lease reflects the ongoing demand for modern logistics and manufacturing spaces within the Silicon Valley region.

Players

Brian Matteoni
2 deals$45M volume
BROKER

Chip Sutherland
CBRE
3 deals$45M volume
BROKER

CBRE
TENANT

Details

LEASED
IMAGE: Chip Sutherland & Brian Matteoni DATE: 10/28/2025 ADDRESS: 650 North King Road MARKET: San Jose ASSET TYPE: Industrial ~ SF: 212,683 LANDLORD: Ares Industrial Management TENANT: Therma LLC BROKERS: Chip Sutherland & Brian Matteoni - CBRE (@CBRE) NOTE: Therma LLC signed a full-building, 212,683-square-foot lease at the San Jose Logistics Center, a Class A industrial warehouse owned by an Ares Real Estate fund and managed by Ares Industrial Management. CBRE’s Chip Sutherland and Brian Matteoni brokered the deal, which highlights continued strong demand for modern logistics and manufacturing space in Silicon Valley.

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Deal Type
Effective Rent (Annual)

$12,190,861.22

Total Lease Value

$121,908,612.18

Net Landlord Cash Flow$12,190,861.22