Cushman & Wakefield arranged a new long-term office lease for Itron at 3005 Tasman Dr. within The Quad at Tasman campus in Santa Clara. The global industrial IoT company will occupy 56,258 square feet, relocating from 210 & 230 W Tasman Dr.
Chris D’Ambrosia and Mark Carnese of Cushman & Wakefield represented the tenant. Brandon Bain and Erik Hallgrimson, also of Cushman & Wakefield, represented the landlord, South Bay Development Co.
“This lease demonstrates the vibrancy of the Silicon Valley real estate market,” said D’Ambrosia. “Itron was drawn to 3005 Tasman Dr. for its proximity to their current location, as well as the opportunity to move into a project with enhanced amenities and a reduced basis. The competition for high-quality office space in this area is fierce, and this transaction further exemplifies the area’s desirability.”
Designed to support innovation and flexibility, The Quad offers 410,409 square feet of space across seven buildings.
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