Manatt real estate counsel Ray F. Triana advised San Francisco-based data analytics and technology company Splunk Inc. in divesting the lease of one of its office buildings, located at 700 Santana Row in San Jose, California. The termination of the lease enabled NetApp, Inc.—a cloud-based data services and data management company affiliated with Federal Real Estate Investment Trust—to lease 700 Santana Row. NetApp has said it will be relocating to 700 Santana Row as its new headquarters, following the recent $365 million sale of its 700,000-square-foot campus in Sunnyvale, California.
Splunk has said it plans keep a strong footprint in San Jose and will continue to occupy 500 Santana Row, an adjacent 235,000-square-foot office building.
Manatt represented Splunk in its initial leasing of both 500 and 700 Santana Row, and has also represented Splunk in connection with the company’s leasing activities in San Francisco, California; McLean, Virginia; Seattle, Washington; Boulder, Colorado; and Plano, Texas.