Social media giant Facebook has leased more than 1 million square feet in Sunnyvale, reported the San Jose Mercury News. The deal was arranged through a team from commercial realty brokerage Newmark Knight Frank that was led by Philip Mahoney, vice chairman and broker.
Menlo Park-based Facebook signed leases to occupy three Sunnyvale office buildings with the addresses of 1180 Discovery Way, 1190 Discovery Way and 900 Fifth Ave., according to official notices filed by developer Jay Paul with the county Recorder’s Office. Each of the five office buildings are in the size range of roughly 335,000 square feet or more.
Meanwhile, Amazon’s research and development arm, Lab 126, has rented at least one of the remaining two buildings in Moffett Towers 2 that Facebook didn’t rent. County records show Amazon has leased the building at 905 11th Ave., which Cushman & Wakefield estimates totals 350,000 square feet. “All five buildings are leased and off the market,” according to Mahoney.