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Texas Instruments eyes big South Bay office lease in a relocation

SANTA CLARA — Texas Instruments is eyeing a deal to lease a big chunk of office space in Santa Clara, a deal that shows the South Bay commercial property market remains attractive amid widening economic uncertainties.

The stalwart of the semiconductor sector has struck a deal to lease a big portion of Great America Commons, an office campus in Santa Clara, according to several real estate industry sources with direct knowledge of the transaction.

Texas Instruments agreed to rent about 210,000 square feet in the two-building office campus in Santa Clara, the sources said.

Great America Commons is located at 4555 and 4655 Great America Parkway, near the corner of Patrick Henry Drive, according to a brochure to market the property that was circulated by Cushman & Wakefield, a commercial real estate firm.

The two-building office complex totals about 635,000 square feet, the marketing flyer states. Cushman & Wakefield brokers Brandon Bain, Nick Lazzarini and Erik Hallgrimson are attempting to find tenants for the property, the brochure shows.

Texas Instruments has leased four floors in Great America Commons, the real estate industry sources said.

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