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Phase II of San Jose Office Project Breaks Ground

5/26/16

SteelWave and its partner USAA Real Estate Company have broken ground on Phase II of America Center, a two-building, 450k sf addition to this three-phase office development in San Jose. The groundbreaking was held this past Monday, May 23. San Jose Mayor Sam Liccardo, who was in attendance, spoke at the event, along with Steve Dunn, senior managing director of SteelWave and Nawder Alavi, senior director investments of USAA Real Estate Company.

The completion of Phase II will add two six-story state-of-the-art office buildings, an amenity center and parking structure, and bring the project to a total of approximately 885k sf of space. Upon the completion of Phase III, this prominent view property will ultimately offer approximately 1.1 msf of premium Class A, LEED Gold-Certified office space to Silicon Valley.

Located off Hwy 101 at the junction of Hwy 237 and Great America Pkwy in San Jose, America Center is adjacent to the 175-room Aloft Hotel, and is surrounded by a 30-acre Open Space Preserve, with access to public jogging and bicycle paths. Levi’s Stadium and a vast selection of restaurants, hotels and recreation facilities are only minutes away. America Center Phase II will feature a well-appointed fitness center, café, and roof-deck with putting green, and provide tenants with outdoor amenities including a basketball court, volleyball court, presentation theater and collaborative meeting areas. America Center Phase II will also feature View Dynamic Glass, a sophisticated “intelligent window” tint system.

Completed in 2009, America Center’s Phase I is 88 percent leased and serves as the headquarters location for leading high-tech corporations. Polycom Inc occupies the entirety of 6001 America Center Drive and Flextronics International Ltd occupies approximately 175k sf at 6201 America Center Drive.

“America Center is in the right place at the right time,” said Phil Mahoney, executive managing director of Newmark Cornish & Carey, who is marketing the property for lease together with Newmark Cornish & Carey Executive Managing Director Randy Gabrielson. “Physically, the property is located in a high-growth market bordering North San Jose and North Santa Clara, which is where southern-migrating tenants want to be. These highly-sought-after markets are supply constrained with extremely limited large block availabilities. The expansion of America Center is timely - it is poised to capture the next Silicon Valley technology titan seeking new, state-of-the-art headquarters space.”






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