Intel will shed a four-building office campus in San Jose from its real estate holdings, a new report says.
Google StreetviewIntel has put its four-building campus in San Jose on the market, as first reported by
. That’s nearly 500,000 square feet of office space for the Santa Clara-based tech company, which has about 8,700 employees in the Bay Area, according to LinkedIn.The 24.6-acre site includes parking for more than 800 cars surrounding 101, 121, 131 and 141 Innovation Drive. The Registry, which analyzed a marketing brochure from Colliers advertising the space, said that the deal would include a leaseback by Intel on all four buildings for approximately 12 to 24 months.
“As a hybrid-first company, we are continuing to assess and optimize our space utilization to create more vibrant workspaces for our employees when they are on-site, while also achieving cost reductions. As such, we will consolidate Intel’s San Jose Innovation Campus with our Santa Clara Mission Campus,” an Intel spokesperson said in a statement to SFGATE.Top Picks In Shopping
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