"Crowdstrike, a Texas-based cybersecurity company, has agreed to lease roughly 150,000 square feet of space in downtown Sunnyvale, according to several sources with knowledge of the transaction. The sources were not authorized to speak about the deal publicly. This transaction represents a fresh, big win for downtown Sunnyvale and Cityline, a mixed-use neighborhood that has produced housing, shops, restaurants, workspaces and now jobs in the city's urban core."
"In July, Databricks leased an entire seven-story office building totaling 305,400 square feet at 200 West Washington Ave. in Sunnyvale. Now, according to the sources, Databricks has decided to lease additional space in an adjacent office building at 250 West Washington that is the same size as the 200 West Washington office site. Texas-based Crowdstrike has signed a deal to lease up to half of the 250 West Washington building, which it would share with Databricks, the sources disclosed."
"Over the 12 months that ended in April, Crowdstrike generated $4.14 billion in revenue. During the tech company's fiscal year that ended in January, Crowdstrike produced $3.95 billion in revenue. Real estate firms Hunter Partners and Sares Regis Group of Northern California have teamed up to develop the Cityline neighborhood. CBRE commercial real estate brokers have been seeking tenants for the two office buildings on West Washington Avenue."
Crowdstrike, a Texas-based cybersecurity company, has agreed to lease approximately 125,000 to 150,000 square feet in the Cityline development in downtown Sunnyvale. Crowdstrike would occupy up to half of the 250 West Washington building and would share the building with Databricks. Databricks previously leased an entire seven-story, 305,400-square-foot building at 200 West Washington and has taken additional space at 250 West Washington. Cityline is a mixed-use neighborhood with housing, retail, restaurants and workspaces. Real estate firms Hunter Partners and Sares Regis Group developed Cityline, and CBRE brokers marketed the West Washington office buildings. Crowdstrike reported $4.14 billion revenue for the 12 months ended April.
Read at www.mercurynews.com
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