Bixby Land Company Signs Nimble Storage to $31 Million Lease

Bixby Land Company
has signed an eight-year lease with Nimble
Storage, Inc. to occupy a newly redesigned 165,000-square-foot Silicon
Valley office campus at River Oaks Parkway and Zanker Road in San Jose, CA.

The
Orange County, CA-based developer transformed the three-building project in
June 2012 into a work environment to meet the needs of today’s
workforce.

"Companies
are increasingly seeking office space with dynamic, collaborative work
environments and high quality amenities in order to attract and retain top
talent," said Bill Halford, president and CEO of Bixby Land Company.

Nimble Storage is a growing storage software
company that develops flash storage architecture. The firm will use
this new location for its US HQs, and also operates with offices in
Australia, Germany and the UK. It is relocating from a neighboring
location on Zanker Road.

Bixby incorporated significant upgrades to building
elevations in its contemporary redesign. The project features the signature
Bixby Retreat, a 30,000-square-foot outdoor living room where tenants
can meet to collaborate or relax. Accented with eco-friendly landscaping,
the outdoor area provides the ambiance of a private park for employees. Bixby
also redesigned the building lobbies, installed new roofs and upgraded HVAC
systems.

The total lease consideration is valued in excess of
$31 million. Bixby Land Company was represented by Steve Horton, Kelly Yoder
and Erik Hallgrimson of Cassidy Turley. Steve Lico and David Tipton of Cresa
Partners represented the tenant.

This transaction represents the second corporate
headquarter project completed and leased by Bixby Land Company in Silicon
Valley in the past year. The firm previously leased a two-building,
127,000-square-foot office campus to Infoblox in May 2012. Located at 3111
Coronado Drive in Santa Clara, CA Bixby’s office renovation
garnered the 2012 Best Rehab/Reuse Award by the Silicon Valley Business
Journal.

Bixby Land company plans a May 2013 announcement for
yet another major office campus redesign in San Jose, CA.

Read also:
Nimble Storage Adding 750 Jobs
Expanding in North San Jose