Updated Aug 28, 2026
Donald C. Wood Of Federal Realty Investment Trust Leases Office Space To Rehan Jilil Of Veeam Software In San Jose
356 Santana Row
Building Size
—
Asset Type
Office
Closing
Aug 10, 2026
About this deal
AI
The property asset involved in this transaction is located at 356 Santana Row, situated in the San Jose, CA market. The asset type is office space, specifically a former retail area previously occupied by H&M. The property is being repurposed to serve as office accommodation for the local workforce.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Landlord: Donald C. Wood - Federal Realty Investment Trust
- Tenant: Rehan Jilil - Veeam Software
- Date of Lease: 08/10/2026
- Address: 356 Santana Row
This transaction involves the leasing of the second-floor space to Veeam Software, which highlights the evolving nature of Santana Row's usage towards office spaces. Federal Realty Investment Trust is managing the shift from retail to office use in response to changing demand in Silicon Valley.
Players
San Jose Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93