{"id":186557,"date":"2026-02-20T21:01:07","date_gmt":"2026-02-20T21:01:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/186557\/"},"modified":"2026-02-20T21:01:07","modified_gmt":"2026-02-20T21:01:07","slug":"big-san-jose-office-building-becomes-silicon-valley-success-story","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/186557\/","title":{"rendered":"Big San Jose office building becomes Silicon Valley success story"},"content":{"rendered":"<p>SAN JOSE \u2014 A modern eight-story office building that\u2019s part of the Santana Row neighborhood in San Jose has become a Silicon Valley success story with bustling rental activity that\u2019s poised to completely fill it up, according to officials familiar with the property.<\/p>\n<p>Totaling 370,000 square feet, <a href=\"https:\/\/www.mercurynews.com\/2025\/03\/17\/san-jose-tech-economy-office-property-build-real-estate-ai-develop\/\" rel=\"nofollow noopener\" target=\"_blank\">One Santana West<\/a> at 3155 Olsen Dr. was developed by Federal Realty Investment Trust, the developer and principal owner of Santana Row.<\/p>\n<p>\u201cOne Santana is 100% committed,\u201d Daniel Guglielmone, Federal Realty\u2019s chief financial officer, said during a Feb. 12 conference call with Wall Street analysts to discuss the company\u2019s fourth-quarter financial results.<\/p>\n<p>\u201cCommitted\u201d typically describes leases that are signed by all parties or are in the very last stage of being fully executed.<\/p>\n<p>Newmark commercial real estate executives Tracey Solari and Todd Shaffer are <a href=\"https:\/\/www.nmrk.com\/insights\/press-releases\/newmark-announces-new-san-jose-office-at-one-santana-west\" rel=\"nofollow noopener\" target=\"_blank\">marketing the building<\/a> to tenants.<\/p>\n<p>\u201cThis building has set a new standard for Silicon Valley, attracting forward-thinking companies that prioritize employee experience and long-term growth,\u201d said Solari, a Newmark executive managing director.<\/p>\n<p>The building is the forerunner of an expansion of Santana Row, a mixed-use neighborhood that features shops, restaurants, housing, offices, a hotel, and a movie theater near the corner of Stevens Creek Boulevard and South Winchester Boulevard in West San Jose.<\/p>\n<p>\u201cOne Santana West is a great project in a great location,\u201d said David Sandlin, an executive vice president with commercial real estate firm Colliers International.<\/p>\n<p>The office hub is not only part of Santana Row, it\u2019s also just down the street from Westfield Valley Fair, one of the nation\u2019s top-notch retail, dining, and entertainment hubs.<\/p>\n<p>\u201cThe building is in a location that is super-rich with amenities,\u201d Sandlin said.<\/p>\n<p>One Santana West has been filling up steadily with tenants in recent years.<\/p>\n<p>The brisk leasing activity in the building occurred after Federal Realty decided to pivot away from its original strategy to lease the entire building to a single tenant. The company decided to make chunks of the office space available to multiple tenants.<\/p>\n<p>The increased flexibility prompted numerous companies to scout One Santana West as a new location for their operations.<\/p>\n<p>Some of the notable leases include PwC U.S. Group, a professional services company that leased 141,000 square feet; Acrisure, a financial technology and insurance company that rented 29,000 square feet; Couchbase, an AI company that leased 23,700 square feet; Calix, a company that offers cloud services that rented 23,000 square feet; Lathrop GPM, a law firm that leased 18,000 square feet; Pivot Interiors, a workspace design firm that leased 15,000 square feet; and BetterHelp, an online therapy company and unit of Teledoc that rented 10,400 square feet.<\/p>\n<p>One Santana West was 80% leased in March 2025. By October 2025, Newmark executives reported that it was 89% leased. Now, the finance chief for Federal Realty says the building is out of available space.<\/p>\n<p>\u201cCompanies really tend to gravitate to buildings that are rich with a lot of amenities,\u201d Sandlin said.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN JOSE \u2014 A modern eight-story office building that\u2019s part of the Santana Row neighborhood in San Jose&hellip;\n","protected":false},"author":2,"featured_media":186558,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[184,387,7,8,3010,1335,383,1533,181,23,100,3012,388,88,90,89,5406,198,200,6994],"class_list":{"0":"post-186557","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-jose","8":"tag-bay-area","9":"tag-business","10":"tag-california","11":"tag-california-news","12":"tag-commercial-real-estate","13":"tag-development","14":"tag-economy","15":"tag-keywee","16":"tag-latest-headlines","17":"tag-local-news","18":"tag-news","19":"tag-office-buildings","20":"tag-real-estate","21":"tag-san-jose","22":"tag-san-jose-headlines","23":"tag-san-jose-news","24":"tag-san-jose-real-estate","25":"tag-santa-clara-county","26":"tag-south-bay","27":"tag-west-san-jose"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/186557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=186557"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/186557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/186558"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=186557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=186557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=186557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}