ASML plans big north San Jose job growth as tech company preps move
feet in size, and 80 W. Tasman, a building that totals 105,000 square feet.
“We have been working on tenant improvements at 125 Rio Robles and 80 West Tasman in San Jose throughout the year,” said Brittney Wolff Zatezalo, a spokesperson for ASML, which is a semiconductor equipment maker.
The deal will help ASML expand its local headcount as well as operate more efficiently.
“This will bring together our two Silicon Valley R&D teams who are currently occupying separate buildings in different business complexes,” Zatezalo said.
The sale of the north San Jose complex represents a success story for veteran developer Divcowest, which in 2018 paid $50 million to buy the trio of then-empty buildings.
In 2019, Divcowest signed a lease for ASML to become a tenant in two of the buildings on the campus. The 10 W. Tasman building is empty.
The buyer of the three buildings is seeking long-term investments in the United States and found Silicon Valley particularly attractive, according to JLL.
The deal was completed even amid the uncertainties arising from the coronavirus.
“The buyer, a South Korean holdings company, was laser-focused on closing this deal even with the pandemic and their commitment showed,” JLL stated.
ASML said the interior improvements now underway at the two office buildings are aimed at transforming them into up-to-date tech sites.
“We’ve focused on making the new space modern and collaborative to foster an enjoyable and productive work environment while accommodating our growing workforce,” Zatezalo said.
The new offices will bolster ASML’S future product endeavors as well as hiring efforts.
“We expect double-digit headcount growth in 2020 and 2021,” Zatezalo said.
Contact George Avalos at 408-8595167.