CA: Intel offloading Bay Area office campus

Source: SFGate

“One of Silicon Valley’s legacy companies is getting rid of a giant piece of real estate. Intel has put its four-building campus in San Jose on the market, as first reported by The Registry. 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. There is also more than 50,000 square feet of lab space across the buildings. 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.” (03/15/23)