KBS Inks 22 KSF Lease at San Jose Office Property

By IvyLee Rosario

10 Almaden, San Jose, Calif.

Accounting and consulting firm BPM has signed a lease with KBS Real Estate Investment Trust III to occupy 21,924 square feet of office space at 10 Almaden in San Jose, Calif.

Ten Almaden comprises 309,255 square feet across 17 stories. KBS first purchased the building from Equity Office Properties Trust in December 2014 for $116.7 million. The LEED Gold certified property offers 1,500 square feet of ground-floor retail and is home to tenants such as Citibank, Cushman & Wakefield, Kidder Mathews and Adobe. The Class A, Energy Star awarded office asset offers access to the following amenities:

• conference center
• tenant lounge
• fitness center
• outdoor terrace
• fire pit and grill
• four-level parking garage
• electric car charging stations
• dry cleaning services
• freight elevators and loading docks

“We believe BPM will be fully-supported for optimal success in their new location at 10 Almaden,” said Brent Carroll, senior vice president & asset manager for KBS, in prepared remarks.

Cushman & Wakefield’s Tom Hogan and Nick Lazzarini represented BPM in the lease transaction, while Erik Hallgrimson, Todd Beatty and Bob Simpson represented KBS REIT III. Earlier this week, Cushman & Wakefield secured a 72,000-square-foot lease expansion for Cvent Inc. in the Boro District of Tysons, Va.

Image courtesy of Yardi Matrix