Tishman Speyer Leases Entire 720,000 SQFT Campus in Sunnyvale to Meta (Facebook)
Tishman Speyer Completes 719,037 sf Transaction – the Largest Private Sector Office Deal in the U.S. in 2021 – Just Seven Months after Acquiring Silicon Valley Property
NEW YORK and SUNNYVALE, Calif., Dec. 1, 2021 /PRNewswire/ — Tishman Speyer, one of the world’s leading real estate developers and owners, today announced that Meta has signed a 719,037 square foot lease at its Sunnyvale office campus. The property features four modern office buildings, two parking structures and ample outdoor recreational space.
The agreement announced today represents the largest new private sector office lease executed anywhere in the U.S in 2021. It comes just seven months after Tishman Speyer acquired the campus, which is located on Crossman Drive in the desirable Moffett Park neighborhood, from NetApp.
Tishman Speyer President & CEO Rob Speyer commented, “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.”
Tishman Speyer’s Sunnyvale campus features an array of modern amenities, including a gym with basketball court, lockers, showers, outdoor volleyball court, executive briefing center, a full-service cafeteria, multiple kitchens, break centers, phone rooms and other common areas. Meta employees will also have access to Tishman Speyer’s popular ZO suite of lifestyle, convenience and amenity service offerings.