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Joaquin Duato Of Johnson & Johnson Leases 91900 Square Foot Office In Santa Clara
LEASED
California
See Similar DealsOffice91,900 SF
Leased 10/10/2024
LEASED
Joaquin Duato Of Johnson & Johnson Leases 91900 Square Foot Office In Santa Clara
5480 Great America Parkway
See Similar DealsOffice91,900 SF
Leased 10/10/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:91,900 SF
Transaction Type:Lease
Johnson & Johnson has leased an office space located at 5480 Great America Parkway, comprising 91,900 square feet within the Stadium Tech Center in Santa Clara. The property is situated in a market experiencing a record 22% office vacancy in Silicon Valley.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5480 Great America Parkway
- Market: Santa Clara
- Asset Size: 91,900 SF
- Tenant: Joaquin Duato - Johnson & Johnson
During this transaction, Joaquin Duato, representing Johnson & Johnson, has played a key role in the expansion of the company's robotics campus. The Santa Clara submarket accounted for 18.2% of leasing activity, which rose 21.6% from the previous quarter.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,267,652.54
Total Lease Value
$52,676,525.44
Net Landlord Cash Flow$5,267,652.54
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