SAN JOSE — Bloom Energy has entered into a leasing agreement that will enable a new expansion north of San Jose for a creator of cutting-edge clean energy technologies, executives said Wednesday.
The green energy company has leased 32,800 square feet, an agreement that allows Bloom Energy to occupy the entire large North First Street office building that serves as the company’s headquarters, commercial real estate firms CBRE and JLL said.
Under the latest lease, Bloom Energy now occupies 182,700 square feet, which is the entire floor space of one of two office buildings in the 237@First office complex in northern San Jose Alviso.
Bloom Energy has launched a growth boom in San Jose and Fremont, according to Carl Guardino, Bloom Energy’s executive vice president of government affairs and policy.
The boom of San Jose-based Bloom runs counter to the bleak story some support that there is a massive exodus of companies seeking to leave California.
“When it comes to California decisions, some employers may be leaving, but Bloom Energy is growing,” Guardino said.
The 237 @ First Tech Campus, consisting of two buildings with a total area of 368,700 square feet, is located at 4353 N. First St. and 4453 North First St. Bloom Energy occupies the entire 4353 N. First office lot. CBRE Investment Management bought the office complex in 2020.
“We have expanded our San Jose headquarters and expanded our Fremont manufacturing facility to strengthen our technology leadership and support strong demand for our solutions,” Guardino said.
Bloom Energy manufactures and supplies clean energy generators. The company’s fuel cell power generators use natural gas or biogas as fuel.
CBRE brokers Jeff Houston, Rochelle Imani and Vincent Scott, and JLL broker Steve Lever arranged the lease.
“We are pleased that Bloom Energy has become a full tenant of the building at 237@First, where we have successfully implemented a robust lease and management program focused on tenant satisfaction and retention,” said Brian Ma, senior director at CBRE Investment. Control.
“Tenant amenities include a fitness center with a yoga studio and several large outdoor co-working spaces, a highly requested feature,” CBRE said.
CBRE added that it has upgraded underutilized outdoor areas to create a healthier environment in the office complex.
Outdoor spaces are increasingly seen as essential office amenities amid rising health concerns as the coronavirus rages on.
The technology developed by Bloom Energy could help prevent some of the consequences of disasters related to electricity and energy problems, including deliberate blackouts known as public safety blackouts, company executives say.
“As Bloom Energy empowers our communities and businesses to manage their energy responsibly with clean, sustainable energy, we are providing critical protection to our communities from grid instability caused by wildfires, rolling blackouts and PSPS events,” Guardino said.
Demand for the company’s energy products has spurred hiring at Bloom Energy, the company said.
“As the global need for reliable and sustainable energy grows, we are building careers in engineering, finance and supply chain at our San Jose headquarters and adding over 300 manufacturing careers across Silicon Valley over the next 12 months. ” Guardino said.