By Lisa Brown - GlobeSt
SANTA CLARA, CA—Analog Devices Inc. has signed a lease to occupy 445,000 square feet at Santa Clara Square. The deal brings the 1.7-million-square-foot Santa Clara Square–which opened its 1.1 million square-foot second phase in September–to 91% leased, and comes two weeks after Hitachi Vantara announced a 222,500-square-foot lease.
The company will occupy 2555 and 2565 Augustine Dr., and the Analog Devices name will be displayed on the top of both buildings, offering visibility to Highway 101 commuters, according to Irvine Company. Analog Devices, which plans to move into its new facility this fall, will join tech leaders AMD, Ericsson, Cambridge Industries Group and Veritas Technologies, which leased 145,000 square feet in November.
The lease enables Analog Devices to consolidate its Milpitas and San Jose operations. And, earlier last year, Analog Devices acquired Linear Technology.
“The combination of Analog Devices and Linear Technology created an industry powerhouse. The move to Santa Clara Square will bring our two Silicon Valley operations together to enable closer collaboration and even greater innovation for our customers,” said Vincent Roche, Analog Devices president and CEO. “We also believe that our new state-of-the-art facility will give us a competitive advantage as we offer the world’s top talent an opportunity to work with some of the industry’s brightest minds in an incredible next-generation workplace.”
Designed by architectural firm Pei Cobb Freed & Partners, Santa Clara Square features floor-to-ceiling glass for natural light and efficient floor plans for maximum flexibility.
“Santa Clara Square is the latest example of what forward-thinking companies are seeking: a vibrant workplace community with outstanding shopping and dining and luxury rental living within walking distance from their offices,” said Todd Hedrick, regional vice president, Irvine Company Office Properties.
Santa Clara Square employees can meet outdoors or attend events at an open-air gathering place featuring casual workspaces, an outdoor living room with complimentary Wi-Fi and two cafes. And, they can work out and meet with a nutrition counselor at KINETIC. Customers also benefit from a bike share program and Irvine Company’s on-demand transit partnership with Lyft. The pedestrian-friendly project includes 30 acres of open space and parks, including a Redwood Park Trail and links to the adjacent San Tomas Aquino Trail.
“Our unique sense of community, which includes forward-thinking design and a compelling offering of amenities, helps companies recruit and retain top talent, while inspiring employees to connect and collaborate,” Hedrick tells GlobeSt.com.
Customers can shop and dine at the 125,000-square-foot Santa Clara Square Marketplace anchored by a 50,000-square-foot Whole Foods. The retail center includes restaurants such as Fleming’s Prime Steakhouse & Wine Bar, Il Fornaio and Opa!, as well as spaces for farmers’ markets, music festivals and community gatherings.
In mid-2018, Irvine Company will open an apartment community that offers 1,800 luxury homes adjacent to retail and offices. The apartment community will feature a 3-acre park, salt-water pools and in-line shops. Santa Clara Square’s Main Street will also add 40,000 additional square feet of retail and services and serve as the community’s town center.
Irvine Company has evolved the traditional office to workplace communities encouraging collaboration and creativity. The company owns and manages 150 workplace communities in Orange County, Los Angeles, Silicon Valley and San Diego, as well as office properties in New York and Chicago. The portfolio includes 50 million square feet serving more than 3,000 companies.