Ericsson Subsidiary Inks 318,000SF Lease in San Jose
- Jan 04, 2008
Redback Networks, a maker of telephone and broadband routers that was acquired by telecommunications equipment giant Ericsson last January, has doubled its space in San Jose’s Corporate Technology Center. The 318,000-square-foot lease was reportedly one of the three largest office leases in San Jose in 2007. The lease covers four buildings that will also accommodate employees from other Ericsson acquisitions in Silicon Valley, including Entrisphere, which makes fiber access gear, and Tandberg TV, which makes equipment for Internet television. Overall, the Redback-Ericsson campus will be the R&D center for most of Ericsson’s fixed and mobile Internet infrastructure. Redback has doubled its workforce over the last 18 months to more than 1,000 people, about 500 of whom are based in San Jose, and plans to add hundreds of engineers and salespeople, according to a prepared statement. The expanded campus can house a total of 1,800 employees A Redback spokesperson told CPN today that the new lease incorporates a previous lease for 130,000 square feet in a single building at the office park. Redback had occupied that building prior to the company’s acquisition by Ericsson. Redback was represented by Jeffrey Rodgers and Jeffrey Ramirez of Cornish & Carey Commercial/ONCOR International, and Ericsson was represented by The Staubach Co. Landlord CarrAmerica represented itself in the lease negotiations.