SANTA CLARA — Texas Instruments is eyeing a deal to lease a big chunk of office space in Santa Clara, a transaction that shows the South Bay commercial property market remains attractive amid widening economic uncertainties.
The stalwart of the semiconductor sector is considering a deal to lease a big portion of Great America Commons, an office campus in Santa Clara, according to several real estate industry sources with direct knowledge of the transaction.
Texas Instruments is planning to rent about 210,000 square feet in the two-building office campus in Santa Clara, the sources said. The deal has yet to be fully completed.
Great America Commons is located at 4555 and 4655 Great America Parkway, near the corner of Patrick Henry Drive, according to a brochure circulated by Cushman & Wakefield, a commercial real estate firm.
The two-building office complex totals about 635,000 square feet, the marketing flyer states. Cushman & Wakefield brokers Brandon Bain, Nick Lazzarini and Erik Hallgrimson are attempting to find tenants for the property, the brochure shows.
Texas Instruments is considering a lease to occupy four floors in Great America Commons, the real estate industry sources said.
The semiconductor maker at present occupies a large campus in Santa Clara, several miles away near the border with Sunnyvale. This campus is on Kifer Road near Semiconductor Drive. The company is expected to relocate from the existing Kifer Road site.
The new offices that Texas Instruments is eyeing are located next to California’s Great America amusement park and are a short distance from Levi’s Stadium. They also are relatively close to U.S. Highway 101 and State Route 237.
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