Verizon plans huge San Jose tech hub where 3,400 will work


SAN JOSE — Verizon announced plans Tuesday night to create a huge tech campus in San Jose near the city’s airport where thousands of the digital titan’s employees would work, marking a major coup for the Bay Area’s largest city.

“We are embarking on the next chapter of Verizon Media’s journey here in Silicon Valley,” said Guru Gowrappan, chief executive officer of Verizon Media, in announcing a leasing deal at the successful Coleman Highline mixed-use complex in San Jose, located across Coleman Avenue from the nearby international airport.

An estimated 3,400 Verizon Media employees will work at the Coleman Highline complex, including 2,400 who will shift their offices from Sunnyvale, the company said.

“It’s great to see the Verizon brand in San Jose next to the airport, which serves as the gateway to Silicon Valley,” San Jose Mayor Sam Liccardo said in an interview with this news organization.

Verizon Media leased 640,000 square feet in multiple buildings and will undertake a co-development of the offices with the principal owners of Coleman Highline.

“This move will allow us to build a fully customized and sustainable new campus from scratch with employees being a part of this journey helping to design their workplace of the future,” Gowrappan said. “My goal is to bring a new energy to our home and ensure it is best suited to the teams’ needs and culture.”

The leasing transaction provides Verizon with an option to eventually purchase the buildings. CBRE brokers Matt Hargrove, Mike Filice, Jeff Houston, Mike Benevento, and Mike Charters arranged the lease.

“We are designing a workplace that serves our needs well into the future,” Olivia Lauren Palodino, a Verizon spokeswoman, said Tuesday night.

Construction on the new Verizon buildings is slated to begin before the end of this year. Verizon anticipates it will move into its new San Jose offices in 2021.

Verizon said its decision to create what it describes as a “tech epicenter” at Coleman Highline signals the company’s commitment to Silicon Valley

“By building an amenity-rich experience, we will blend work, life, and home all into one place and create a community-oriented lifestyle,” said John Vazquez, Verizon’s senior vice president of global real estate and supply chain. “It is a destination that will draw people from across the country to live, work, shop, and play.”

The Coleman Highline complex, once completed, will include several ultra-modern office buildings, amenities and gathering areas, hotels, shops, and restaurants. It’s located minutes from downtown San Jose as well as the city’s airport. A public market is also expected to be part of the development.

The Verizon deal underscores a lengthening win streak for San Jose in terms of being able to attract major tech companies.

“This isn’t going to be the last tech company to announce how excited they are to move staff to San Jose in this development cycle,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use and planning consultancy. “This is an exciting new trend we need to see continue.”

Hewlett Packard Enterprise, Google, Samsung, Bloom Energy, Micron Technology, and Roku are just some of the major tech companies that have launched major expansions of their operations in San Jose in recent months or years. Roku will be Verizon’s neighbor at the Coleman Highline complex.

“This is the most extraordinary moment of economic development that we can remember in San Jose,” Mayor Liccardo said.

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