Walmart is also in a big space-grab phase in Sunnyvale. Last week, the big deal was Ericsson, which leased more than 400,000 square feet in Santa Clara and announced plans to grow its workforce there. The deal is yet another example of a tech tenant upsizing its office space in hopes of attracting Silicon Valley's most in-demand resource - engineering talent. "The goal is to have a large enough facility where we can build a real mass of engineering talent, and do that in a way where it can grow in a Silicon Valley culture," he said. "We want to really build the product-development and the product-management skill set in the company from a pure engineering perspective, and particularly from the Silicon Valley talent base," Wallace Colyer, vice president of new product development for Verizon, told me in a phone interview today.
The deal, for two buildings at Bixby Land Company's "THE Campus" (yes, "THE" is capitalized) provides elbow room for up to 750 employees.įilling it all would represent a significant increase from the 300 to 400 staff Verizon currently counts in Silicon Valley, and is a signal that New York City-based Verizon has big plans in the region - especially when it comes to video.
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bought Intel Corp.'s Internet-enabled TV division in January, it was natural that the telecom giant would move its acquisition out of Intel's Santa Clara campus.īut Verizon's lease of more than 130,000 square feet at a prominent corner in North San Jose shows it's not just focused on warehousing a business unit.
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