CBRE ANNOUNCES BAY 101 TECHNOLOGY PLACE, A NEW BUILD-TO-SUIT OPPORTUNITY IN NORTH SAN JOSE, CA
SAN JOSE, CA – FEBRUARY 1, 2018 – CBRE announced a new build-to-suit office opportunity at Bay 101 Technology Place, a mixed-use, high-rise project at 1740 North First Street in North San Jose. The nine-story Class A tower is currently entitled for approximately 245,000 square feet of office space.
Located at the intersection of Highway 101 and First Street adjacent to the new Bay 101 Casino, Bay 101 Technology Place boasts a distinctive design with extensive use of window glass and glass-fins, aluminum-wrapped columns and aluminum accents. On-site amenities will include an under-construction Embassy Suites Hotel with 174 rooms and new restaurant The Province.
The project will feature a rooftop terrace, featuring glass railings and a wooden deck offering sweeping views of Silicon Valley. An adjacent eight-level parking garage will include approximately 1,325 parking stalls, and there will be an additional 10-story, 240-room hotel development next door. The property’s state-of-the-art digital sign, featuring a 40' x 60' media fabric-faced LED display facing Highway 101, will provide unparalleled brand visibility to over 150,000 cars per day.
Bay 101 Technology Place will also feature terabit-scale direct connectivity to the internet, cloud and private networks through the Cloudbus JOIN™ service. JOIN’s on-demand network provides tenants with reliable and secure access to IT assets hosted in the public and private cloud and will allow tenants to move in and instantly connect to leading data centers and cloud service providers.
Located in the convenient and prestigious North San Jose submarket, the property is surrounded by leading tech companies like Oracle, Cisco, Hitachi and eBay. The property is also immediately adjacent to Silicon Valley’s major thoroughfares Highways 101, 87 and I-880 and is less than a mile away from Mineta San Jose International Airport, which serves approximately 12 million passengers annually. Tenants and guests of the hotels will also have convenient access to light rail, VTA buses and Caltrain.
The leasing team includes Shane McNulty, Michael Grado and Burke Weismann of CBRE’s San Jose office and Ralph Borelli of Borelli Investment Co.
"Alongside the recently completed Bay 101 Casino, Province Restaurant and the upcoming Embassy Suites Hotel project, we're proud to be adding this office tower project to the rapidly expanding tech corridor of North San Jose,” said Brian Bumb, one of the owners of the property.
“This is especially exciting because our multi-phase First Street project is on the doorstep of San Jose International Airport, and it will be one of the first things visitors will see when they come to Silicon Valley."
With new investments in the North San Jose/Airport submarket, the area is experiencing a renaissance. The office market continues to have solid fundamentals with an ongoing trend of tenants upgrading their corporate footprints from an aging supply of office product.
For additional information about Bay 101 Technology place, please visit www.bay101technologyplace.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.