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REAL ESTATE
Ericsson Eyes 440,000 SF in Silicon Valley Project
Newport Beach-based Irvine Company is making more waves in the Silicon Valley office market, with a blockbuster lease for a development reportedly in the works.
The developer, California's largest office owner, is said to be close to landing Swedish telecom Ericsson Inc. for a nearly 440,000square-foot lease at an office project it has in Ihe works in Santa Clara.
The deal would be the largest office lease in lhat region in more than a year that doesn't involve Google, according to the Silicon Valley Business Journal, which first reported the rumored lease.
A deal would dwarf any recent office lease signed in Orange County, where Irvine Co. is the area's dominant landlord.
The largest office lease reported here last year was about 150,000 square feet (see this week's Special Report, starting on page 17).
Irvine Co. declined to comment on the potential Ericsson lease, which would occupy a large portion of its Santa Clara Square project, which is under development.
The first...