SAN JOSE – Bloom Energy, which has created a cutting-edge green energy technology, has struck a deal to expand its headquarters operations in San Jose as part of lease renewal, CBRE Global Investors said Thursday.
The maker of clean energy power generators has renewed a lease to place its headquarters in the Elviso district of northern San Jose in a deal that enables Bloom Energy to add much more square footage to its head offices.
CBRE, a commercial real estate brokerage, established 4453 N. Arranged lease renewal and space expansion deal at First St. CBRE brokers Jeff Houston and Vincent Scott brokered the transaction.
Bloom Energy renewed its existing lease for 102,800 square feet of office space. The company has also leased an additional 47,100 square feet of space and now occupies approximately 150,000 square feet on the site, which is near the interchange of State Route 237 and North First Street.
The building where Bloom Energy is located is part of a two-building campus called [email protected], which was purchased by CBRE Global Investors in 2020.
CBRE Global has undertaken extensive upgrades to the campus, which totals 368,700 sq ft.
“We were able to activate the best-in-class management and leasing team to enhance the tenant experience and leasing,” said Brian Ma, Senior Director of Commercial Operations, CBRE Global Investors. “We were also able to upgrade the underused common areas and increase the communal outdoor space.”
Outdoor spaces are increasingly seen as critical facilities in office space amid growing health concerns as the coronavirus outbreak continues to swell.
“These positive changes to the property contributed to Bloom Energy’s decision to renew its lease and expand to an additional 47,000 square feet, making [email protected] its long-term headquarters,” Ma said.