WeWork said to have signed largest lease in Mountain View

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The two six-story buildings at 391 and 401 San Antonio Road, once slated to be LinkedIn offices, sit a short walk from the San Antonio Caltrain station as part of The Village at San Antonio Center, a 56-acre mixed-use shopping hub.
Janice Bitters
By Janice Bitters – Commercial Real Estate Reporter, Silicon Valley Business Journal
Updated

The offices are being built as part of a major mixed-use shopping center surrounded by new apartments, retail, restaurants and multiple tech giants.

Co-working giant WeWork is expected to move into more than 450,000 square feet of Class A office space split between two buildings in Mountain View, according to a report Tuesday by The Registry.

The two six-story buildings at 391 and 401 San Antonio Road, once slated to be LinkedIn offices, sit a short walk from the San Antonio Caltrain station as part of The Village at San Antonio Center, a 56-acre mixed-use shopping hub.

The offices are currently being built as part of a second phase of development on the site, alongside a new eight-screen Icon Cinema theater, a 168-room Hyatt Centric Village Hotel, a new parking structure and a slew of new retail. That second phase is slated to wrap up in 2018.

WeWork has 14 Bay Area locations, but only one other in Silicon Valley. In San Jose, the company leases 75,000 square feet of space at Valley Towers along East Santa Clara Street in downtown. The Mountain View lease would be the largest lease that WeWork has signed to date, according to Business Journal research.

Colliers International appears to be the brokerage working to lease the property, according to recent marketing materials, but representatives from the company did not immediately return a request for comment.

Representatives from WeWork declined to comment Tuesday, but LinkedIn representatives confirmed that the company will not be moving into the offices as originally planned.

"LinkedIn has reassigned our lease at The Village at San Antonio Center, therefore (we) will not be setting up offices there," May Chow, a spokesperson for the professional networking giant, said in a statement Tuesday.

The company has been slated to move into the space since 2014. Developer Merlone Geier Partners, which is redeveloping The Village, revealed in a Q&A with the Mountain View Chamber of Commerce that LinkedIn had designs to lease the property, which was still years from being completed.

But that came before the famous Google-LinkedIn land swap of 2016, when the two tech companies agreed to sell property or transfer existing leases in an effort to create more contiguous space for them both to grow.

The news of the lease comes as WeWork continues to be a veritable force in real estate, scooping up space around the world that everyone from solo entrepreneurs to small businesses and corporate giants can move into with flexible lease terms.

Indeed, The Registry reports that WeWork is in talks with several companies and is eyeing giants Amazon and Facebook to fill a portion of the site.

Amazon, which past Business Journal reporting show frequently plants itself in co-working spaces before growing into more permanent spaces, already takes up at least one floor, or about 14,000 square feet, of WeWork's downtown San Jose office.

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