Tech company signs office lease for expansion in Santa Clara
Fungible has struck a deal to greatly expand its headquarters in Santa Clara through a new office lease, the property’s owner said Wednesday.
The data and storage technologies company has leased 66,100 square feet at 3201 Scott Blvd. in Santa Clara, Drawbridge Realty, the building landlord, said.
Fungible was able to greatly expand its footprint in the building, growing from roughly 46,000 square feet to its new occupancy of the entire 66,100-square-foot site.
Juniper Networks co-founder and former chief scientist Pradeep Sindhu and former Apple software engineering executive Bertrand Serlet co-founded Fungible. Fungible has raised more than $300 million in funding from investors.
The two-story building that Fungible leased is at the corner of Scott Boulevard and San Tomas Expressway.
The tech company also is now a direct tenant as a result of the deal. Previously, Fungible had occupied space at the site through a sublease from another tech firm.
“We’re delighted to provide Fungible with a seamless transition from sublessee to direct tenant,” said Bill Doyle, senior vice president of investments with Drawbridge Realty. “We were able to work closely with senior management to provide the type of facility they need to continue their planned growth trajectory.”