Tim Ryan Leases Office Space At One Santana West From Donald C. Wood

The office property located at 3155 Olsen Drive in San Jose has been leased by PwC US Group LLP for a long-term lease, encompassing 141,000 square feet of space. The property, known as One Santana West, is owned by Donald C. Wood of Federal Realty Investment Trust. The lease is set to increase the building's occupancy to 50 percent, with PwC US Group LLP planning to move into the LEED Gold-certified building by early 2026.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not Applicable
• Address: 3155 Olsen Drive
• Market: San Jose
• Square Footage: 141,000
• Landlord: Donald C. Wood - Federal Realty Investment Trust
• Tenant: Tim Ryan - PwC US Group LLP

PwC US Group LLP's decision to lease the space at One Santana West comes amidst high office vacancy rates in the Bay Area, prompting adjustments in development plans. The move is seen as a strategic step to enhance operations and leverage the amenities offered within the building developed by Federal Realty Investment Trust.