Tech company moves headquarters to Santana Row
BlueJeans Network will move HQ to San Jose's Santana Row
Cloud-based meeting platform creator BlueJeans Network moves headquarters to Santana Row in San Jose
500 Santana Row office building in San Jose's Santana Row. BlueJeans Network, an up-and-coming cloud-based meetings company, has struck a deal to shift its headquarters to Santana Row in San Jose, the latest tech company to move its head offices to the Bay Area's largest city.
By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group
PUBLISHED: April 24, 2019 at 10:10 a.m. | UPDATED: May 7, 2019 at 1:01 p.m.
SAN JOSE — BlueJeans Network, an up-and-coming cloud-based meetings company, has struck a deal to shift its headquarters to Santana Row in San Jose, the latest tech company to move its head offices to the Bay Area's largest city.
The company has subleased a big chunk of space in the 500 Santana Row building in San Jose, agreeing to occupy 40,000 square feet of offices that currently are leased to another technology firm, Splunk, according to BlueJeans officials.
Through the deal, BlueJeans will exit a 24,000-square-foot, 46-year-old industrial building on Clyde Avenue in Mountain View and move its headquarters to Santana Row.
"San Jose has a rich history in Silicon Valley, and Santana Row is a very attractive location for several reasons," said Robert Park, chief financial officer with BlueJeans Network.
BlueJeans Network is a meetings platform and the first cloud service to connect desktops, mobile devices and room systems in one video meeting. BlueJeans has raised $175 million in funding, according to Crunchbase. The privately held company also has reached the benchmark of $100 million in annual revenue, BlueJeans said.
Park added that the factors making Santana Row enticing include "lots of new construction with state-of-the-art features and technology, dozens of nearby restaurants and shops, close proximity to highways 280 and 880, and downtown San Jose." Park noted that the SAP entertainment and sports complex and Avaya Stadium are also nearby.
Developed and owned by Federal Realty, Santana Row is a mixed-use retail, restaurant, office, nightlife, hotel and residential complex that has become an iconic Bay Area destination and appears to be a magnet for tech companies.
Splunk, whose software seeks out, collects and analyzes an array of data, has leased the entire 235,000-square-foot office building at 500 Santana Row and all of the 310,000-square-foot office building at 700 Santana Row, part of a major expansion of its San Jose operations. But while it gradually expands its South Bay footprint, Splunk is offering sublease spaces in both buildings.
BlueJeans subleased the second floor of the 500 Santana Row building, at the southeast corner of South Winchester Boulevard and Olsen Drive, according to Newmark Knight Frank brokers Armand Tiano and Luke Allard, who represented Splunk in the deal. Cushman & Wakefield broker Matthew Chatham represented BlueJeans in the sublease transaction.
Separately, Splunk is offering for sublease 150,000 square feet of office space at the nearby 700 Santana Row building, Allard said. The 315,000-square-foot 700 Santana Row building, which Splunk leased in 2018, is still under construction and will be a gleaming curved building when it's complete. Splunk expects to move in by mid-2020 and will steadily increase its footprint after it takes occupancy, Allard added.
BlueJeans Network intends to move into its second floor offices in the 500 Santana Row building sometime this summer, the company said.
"A large percentage of our employees live in the South Bay, so this will be a welcome reprieve in commute times for most," Park said.
BlueJeans also noted that San Jose offers the potential for even more office space, with plenty of development proposals in the works or projects under way. Among those projects is Google's transit-oriented community of proposed office buildings, homes, stores, restaurants and parks near downtown San Jose's Diridon train station.
"There is a tremendous amount of development happening in San Jose, with a future Google campus and other tech development," Park said.
Google San Jose
George Avalos | Business reporter
George Avalos is a business reporter for the Bay Area News Group.
gavalos@bayareanewsgroup.com
Follow George Avalos @georgeavalos
More in Real Estate
Single-family house sells for $1.6 million in Fremont
Shuttered drug store building in San Jose is bought