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356 Santana Row

Updated Aug 28, 2026

Bilt advertisement
Donald C. Wood Of Federal Realty Investment Trust Leases Office Space To Rehan Jilil Of Veeam Software In San Jose
LEASEDOffice

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

Donald C. Wood

Federal Realty Investment Trust

Landlord

$299.9M

vol

7 deals

Landlord

Rehan Jilil

Veeam Software

Tenant

1 deal

Tenant

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

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