Sunday, December 17, 2023

Santana Row expansion (Santana West) scores their first lease -- Acrisure

It's a challenging market for office space, but it always seems to be sunny at Santana Row. A financial tech company called Acrisure LLC is leasing 29,000 SQFT in the shiny new Santana West project across the street from the famous Row. Acrisure is planning on having 150 employees work out of that office, taking up most of the 4th floor of the building.

So far, only one building has been constructed as part of for Santana West. The plan is for there to be two more midrises with the final project totaling a million SQFT of office space. However, given the state of the office and residential markets, perhaps it wouldn't be a bad idea to pivot and use the remaining space as a true mixed-use extension to Santana Row with retail and residential.

Source: SVBJ

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