December 7, 2021 9:00 AM
Newmark[1] announced that it represented Tishman Speyer in the leasing of Moffett Green, a 719,037-square-foot Sunnyvale office campus, to Meta.
The agreement represents the largest new private sector office lease executed anywhere in the U.S. in 2021[2]. It comes just seven months after Tishman Speyer acquired the Moffett Green campus, which is located on Crossman Drive in the desirable Moffett Park neighborhood, from NetApp.
Newmark Executive Vice Chairman Phil Mahoney, Vice Chairman Michael Saign and Executive Managing Director, Market Leader Jon Mackey were Tishman Speyer’s listing brokers.
Tishman Speyer President & CEO Rob Speyer commented in his company’s announcement, “We are pleased that Meta has chosen Tishman Speyer and our Sunnyvale campus. Silicon Valley remains the global center of innovation and its importance will continue to grow even as other innovation hubs emerge. We were always convinced that the tech sector would maintain a strong appetite for high-quality collaborative spaces and are excited Sunnyvale will house one of the world’s leading companies.”
He continued, “This transaction follows our 2.6 million-square-foot deal in Shanghai with ByteDance, along with our recent headquarters agreement with Pfizer at The Spiral in New York City. Our intensified customer focus – going all-out to serve the needs of innovative companies and their employees around the world – is paying off.”
The Moffett Green campus features an array of modern amenities including a fitness center, all hands auditorium, outdoor volleyball court, state-of-the-art executive briefing center, full-service cafeteria, urban garden, multiple outdoor meeting areas and putting green. Meta employees will also have access to Tishman Speyer’s popular ZO suite of lifestyle, convenience and amenity service offerings.
“This commitment to Tishman Speyer’s Moffett Green is a testament to the quality of the campus, vitality of the Silicon Valley talent ecosystem and the importance of in person collaboration,” concluded Saign.
[1] Dba Newmark Knight Frank in California
[2]According to Tishman Speyer Research
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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