Posted: 03/19/2014 12:04:24 PM PDT
SAN JOSE -- Now the speculation begins: Who is the mystery tech company set to call San Jose's biggest-ever office park home?
It didn't take long for the rumor mill to start churning after city officials Wednesday gave final approval to a 2 million-square-foot North San Jose office project that is expected to start construction this year. Renowned developer Peery-Arrillaga says it has a company committed to lease the buildings, worth an estimated $700 million, but won't say who. Could one of Silicon Valley's tech titans such as Google or Apple be moving or expanding from a nearby suburb? Did an out-of-towner like Microsoft or Amazon finally come to its senses and ditch Seattle?
With space for 8,000 to 10,000 employees spread out over 10 seven-story buildings, the project near Mineta San Jose International Airport is twice the size of Facebook's Menlo Park campus. And right at the split of Highway 101 and Interstate 880, it's perhaps the last prime location left in the area and one that real estate brokers say is the largest Silicon Valley office project they've ever seen.
"This would be the proverbial grand-daddy of them all," said Jim Beeger, a senior vice president at Colliers International in San Jose, adding, "We're dying to find out" who's moving there.
"That's what we all want to know," Beeger said.
