Renesas Electronics Inks 216 KSF Lease in Santa Clara
ByRenesas Electronics America has signed a 216,000-square-foot lease in Murphy Crossing, a five-building, 368,000-square-foot Class A office/R&D property in the heart of Silicon Valley, with the building’s owners, a joint venture between Embarcadero Capital Partners and True North Management Group.
The transaction represents one of Silicon Valley’s biggest leases of the year as Renesas Electronics America expands its existing premises by 90,000 square feet to include all of 915 Murphy Ranch Road, and extends the term of its existing lease on 126,000 square feet at 1001 McCarthy Blvd. and 933 Murphy Ranch Road.
Shawn Kellenberger and Jeff Arrillaga, Newmark Knight Frank executive managing directors, and Michael Saign, senior managing director, represented the owners in the lease. JLL represented the tenant…
