SAN JOSE — Logitech has struck a deal to lease a large building in San Jose, a deal that marks a welcome expansion for the tech company poised to bring jobs to the largest city in the Bay Area.
The maker of software and computer peripherals, such as mice, is leasing space at a technology complex north of San Jose called The Assembly at North First, according to documents filed with San Jose city planners and sources familiar with the lease agreement.
Commercial real estate sources say Logitech is leasing at least 75,000 square feet and as much as 86,000 square feet in a building at 3930 North First Street in San Jose, city documents show.
According to city records and the news organization’s direct observation of the scene, interior improvements are being made within the space to prepare the space for Logitech.
“Logitech got a plum site,” San Jose Mayor Sam Liccardo said in an interview with the news organization on Wednesday. “This is a beautiful Gensler-designed project.”
The lease agreement marks the first tenant to agree to lease space at North First’s Assembly, a project that has been seeking the company to occupy a site in the brand new North San Jose Tech Center.
In September 2021, Pennsylvania-based Exeter Property Group acquired the 27-acre assembly at the North First complex for $192 million, according to documents filed with the Santa Clara County Records Office.
The seller is a coalition led by ProspectHill Group, SKS Partners and Invesco Real Estate, county documents show.
North First’s conventions are located on several parcels near the corner of North First Street and Headquarters Road in San Jose.
Originally conceived as a tech park, the complex has drawn the attention of search giant Google in recent years, which is considering buying the property.
Google eventually decided to buy additional office buildings near San Jose.
Beginning in 2020, a team from commercial real estate firm Colliers began marketing North First’s The Assembly as a campus for biotech, medical and life sciences companies, as well as technology companies amid the coronavirus outbreak.
“North First’s rally raises the bar for business development in Silicon Valley,” said Mayor Liccardo.
With the new lease agreement, the tech and biotech complex now has some marketing momentum.
Agents Michael Rosendin, Craig Fordyce and Shane Minnis of commercial real estate firm Colliers International have been looking for a tenant for North First’s Assembly.
Switzerland-based Logitech has a large regional headquarters in Newark. The news organization has approached the tech company four times about its lease agreement in north San Jose.
Logitech’s decision is expected to bring new jobs to San Jose.
“Logitech’s offering of jobs to the many residents who may not need a college degree to work there will be a welcome addition to our city,” Liccardo said.