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Cushman & Wakefield Brokers 175,000 SF Office Lease In Santa Clara For Hines
LEASED
California
See Similar DealsOffice350,000 SF
Leased 02/23/2024
LEASED
Cushman & Wakefield Brokers 175,000 SF Office Lease In Santa Clara For Hines
3508 Bassett Street & 3580 Bassett Street
See Similar DealsOffice350,000 SF
Leased 02/23/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:350,000 SF
Transaction Type:Lease
The office property located at 3508-3580 Bassett Street in Santa Clara spans 175,000 square feet. The landlords, Jeffrey Hines and Laura Hines-Pierce of Hines, successfully leased the space to three tenants, namely Matt Van Haaren of EOTech, LLC; Nigel Hunton of Intevac; and Jimmy Rojas of Evoloh, Inc.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Jeffrey Hines & Laura Hines-Pierce - Hines
- Tenant: Matt Van Haaren - EOTech, LLC; Nigel Hunton - Intevac; Jimmy Rojas - Evoloh, Inc
- Brokers: Jon DeCoite, Kelly Yoder & Steve Horton - Cushman & Wakefield
Cushman & Wakefield facilitated the leasing of 175,000 square feet at Bassett Technology Park in Santa Clara for Hines. The secured leases with EOTech, LLC, Intevac, and Evoloh, Inc highlight the campus's resilience and desirability in the R&D/manufacturing sector.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$20,061,788.80
Total Lease Value
$200,617,887.95
Net Landlord Cash Flow$20,061,788.80
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