Federal Realty Investment Trust’s One Santana West, a newly constructed office building located near the popular Santana Row neighborhood in San Jose, is experiencing strong leasing activity despite challenges in the sector. According to CEO Donald Wood, one large lease has been finalized and another is close to completion. These deals will bring occupancy at One Santana West to nearly 50%.
In December, Acrisure became the first tenant signed at 3155 Olsen Dr., leasing 29,000 square feet for their expanding financial technology and insurance business. Federal Realty officials also announced during a recent conference call that they are finalizing another major lease with a potential tenant who has signed a letter of intent. This deal, along with Acrisure and other smaller leases will bring occupancy at One Santana West to half capacity.
The success of Federal Realty’s leasing efforts at One Santana West demonstrates its appeal as an attractive location for businesses looking for modern office space in San Jose.
