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12/06/21
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Meta, the online social media behemoth formerly known as Facebook, has inked a lease for a 719k sf Sunnyvale office campus. We’re told that the agreement represents the largest new private sector office lease executed anywhere in the U.S in 2021.
The transaction comes just seven months after Tishman Speyer paid around $365 mil for the campus, which is located at 1345-1395 Crossman Avenue in Sunnyvale’s desirable Moffett Park neighborhood, from NetApp. The property consists of four modern office buildings, two parking structures and ample outdoor recreational space.
The 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.
Phil Mahoney, Michael Saign and Jon Mackey with Newmark repped represented Tishman Speyer in the deal.
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