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September 22, 2021
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Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose

8/31/21

Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy which delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications will add a floor and a half to its footprint and will now occupy floors one, two, four, five and six at the two-building office complex.

237@First is LEED Gold Certified and spans 368.7k sf of space across two buildings located at 4353 North First St, where Bloom Energy is located, and 4453 North First St. The high-end office buildings feature 14 to 16 slab-to-slab heights, expansive window lines affording panoramic views and abundant light, dramatic lobbies, and flexible 32.8k sf, column-free floor plates that can efficiently accommodate a de-densified floor plan.

237@First is located along the heavily trafficked Interstate 237 corridor, providing prominent exposure and regional access via direct connectivity to major highways and to the freeway. The location affords many tenants a reverse commute to the East Bay and Peninsula areas and is home to several major national and global corporations.

Tenant amenities include a fitness center with a yoga studio and several large outdoor collaboration areas, a sought-after feature. The property is 50% leased, with spaces ranging from 32k sf to 96k sf remaining available.

The property owner, CBRE Global Investors, on behalf of one of its investment funds, was represented by Jeff Houston and Vincent Scott of CBRE in the transaction.





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