NEWPORT BEACH, Calif.–(BUSINESS WIRE)–KBS, one of the largest owners of commercial real estate, announced today that Zoom Video Communications, Inc., a video-first unified communications provider, renewed and expanded its lease to 87,025 square feet at The Almaden in San Jose, California. The property is owned by KBS Real Estate Investment Trust III.
“There’s an increased demand for amenity-rich workplaces that help employers attract and retain talent and the tenant lounge on the ground floor of The Almaden is one of the best in the area”
The Almaden is a fully-leased, three-building office park located on 5.81 acres in Downtown San Jose. Recently renovated, the property encompasses 416,126 square feet of office space.
Current tenant amenities include multiple conference rooms with video conference capabilities, outdoor patio with BBQ, fireplace and seating, a fitness center, locker room with showers and a tenant lounge with a roll-up door, bar area, TVs and games. The property is one of the closest office parks to Caltrain and within two blocks of a future underground BART Station. The area has a high walk score offering tenants access to the pedestrian‐friendly San Pedro Square, featuring a diverse collection of restaurants.
“We are happy that Zoom has enjoyed The Almaden, and the building’s ability to support their continued growth. We look forward to a long-term partnership,” said Brent Carroll, senior vice president, acquisitions/co-director for KBS and asset manager of the property.