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3/24/26
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OpenAI has agreed to a lease for a five-building, 450k sf office campus in the heart of Silicon Valley. The property, located at 350-380 Ellis, south of Hwy 101 at Middlefield Rd in Mountain View, is owned by KKR Real Estate Finance Trust Inc and TMG Partners.
In 2024, TMG was selected to reposition the campus into a future-ready workplace designed to meet the needs of leading global technology companies. The work included modernizing the asset into an institutional-quality, highly connected workplace designed to support scale, flexibility and long-term tenant needs.
The comprehensive redesign integrates the five buildings into a seamless environment, upgrades core infrastructure and introduces collaboration- and wellness-focused amenities throughout, including a new front entry arrival experience, new indoor/outdoor café, rooftop decks and a revitalized secure 2.0-acre outdoor amenity zone featuring flexible, open-air workspace.
Other existing campus amenities include move-in ready finishes, open work environments, expansive meeting/conference rooms, executive briefing center, kitchen/break areas on each floor, and collaborative space. Additionally, there is a full-service gastropub restaurant and cafeteria, an onsite multi-story parking structure, tennis court, and sand volleyball court all surrounded by a vibrant landscape of redwood and oak trees.
Newmark’s Executive Managing Director Jon Mackey, Vice Chairman Mike Saign and Executive Vice Chairman Phil Mahoney represented the landlord in the lease of the property. JLL’s Mike Ino, Jon Moeller, Dan Johnson, Rich Duff, and Bridget Fahey represented OpenAI.
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