Walmart Signs 338307 SF Lease At Tech Corners In Sunnyvale With Landlord Jay Paul Company

The transaction involves an office asset located at 803-815 11th Avenue in Sunnyvale. The total square footage of the property is 338,307 square feet. This lease marks the largest new office lease in Silicon Valley since 2023.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Jay Paul
• Landlord Agency: Jay Paul Co.
• Tenant: Doug McMillon
• Tenant Company: Walmart
• Brokers: Philip Mahoney & Michael Saign
• Broker Agency: Newmark

Walmart's e-commerce division has expanded its operations by signing the lease at an amenity-rich campus totaling 957,204 square feet, representing a significant growth in their presence within the area.