Microsoft to Call Silicon Valley Home
California’s famous Silicon Valley, where many of the world’s largest high-tech businesses are headquartered, will soon be the home of another software giant. Microsoft Corp. has executed a long-term lease agreement for 237,000 square feet of office space at commercial development Moffett Towers. The Sunnyvale, Calif., campus is comprised of six office buildings and is credited by experts as reducing the city’s office vacancy rate nearly 10 percentage points due to its recent leasing activity.
Microsoft will be relocating and expanding several business units currently based in Palo Alto and Mountain View, Calif., to its new Moffett Towers facility. It will join current tenants Hewlett-Packard, Motorola Mobility, and Comcast, among other technology companies that rent space at the campus.
Construction on the seventh and final Moffett Towers building, a 230,000-square-foot office tower at 1100 Enterprise Way, is underway.