TikTok has subleased a 162,600-square-foot office building in north San Jose.
The social media firm owned by China-based Bytedance signed a deal with Roku to sublease the five-story building at 1143 Coleman Avenue, the San Jose Mercury News reported. Terms of the lease were not disclosed.
The office building in the Coleman Highline campus is next to Bytedance’s 658,000-square-foot campus at 1193 and 1199 Coleman Avenue, subleased from Yahoo in 2022 across the street from San Jose International Airport.
Last spring, Roku announced it would put one of four buildings at its San Jose headquarters for on the market for sublease; the nearly 163,000-square-foot building at 1143 Coleman was expected to fetch nearly $48 per square foot. In September, Roku put a second, 200,000-square-foot building up for sublease at 1155 Coleman. Its Coleman Highline leases run through 2029.
Move-in day for TikTok at 1143 Coleman isn’t clear, but the firm is preparing the interiors for its occupancy, according to the Mercury News.
The Class A building, built in 2017, has floor-to-ceiling walls of glass, and a vast landscaped courtyard.
The TikTok and ByteDance sublease deals now make up 820,600 square feet of offices at Coleman Highline, enough to fit up to 4,100 workers.
The Coleman Highline campus is split by at least two landlords, New York-based Blackstone Real Estate Advisors and London-based AGC Equity Partners.
In 2020, an affiliate of Blackstone bought two office buildings at 1143 and 1155 Coleman Avenue, plus a tenant benefits building at 1149 Coleman and a parking garage for $275 million.
The following year, AGC bought two office buildings at 1193 and 1199 Coleman Avenue for $780 million.
This month, the popular but politically embattled Tiktok was in talks to sublease three floors of offices at a 57-story office/condominium tower at 181 Fremont Street in San Francisco.
TikTok and and its parent firm took heat in Washington, D.C. this month, with lawmakers pressuring Bytedance to sell the popular video platform, alleging its data on millions of U.S. users was available to the Chinese government.
— Dana Bartholomew
Read more
Commercial
San Francisco
TikTok talks to Meta about office sublease in San Francisco
Commercial
San Francisco
TikTok parent eyes 658K sf Yahoo San Jose campus
Commercial
San Francisco
Roku puts 200K sf building near San Jose headquarters up for sublease