SGI moves HQ Milpitas

 

Jun 28, 2013, 2:45pm PDT Updated: Jun 28, 2013, 6:20pm PDT

SGI moving headquarters, 200 workers, to Milpitas

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Nathan Donato-Weinstein

Real Estate Reporter- Silicon Valley Business Journal

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Silicon Graphics International Corp. will move its headquarters and roughly 200 employees from Fremont to Milpitas after signing a ten-year lease for 100,000 square feet of office space there.
The technical-computing company leased two buildings at 900 and 940 N. McCarthy Blvd. from The Irvine Company at its McCarthy Center campus project, according to a securities filing. SGI will move in by the end of the year. The deal was inked Thursday.
The move represents a cost savings through a smaller footprint than its current home. But is a step up in corporate image, John Swenson, corporate treasurer and vice president of investor relations, told me. SGI currently leases about 120,000 square feet at 46600 Landing Parkway.
“It’s emblematic of the new SGI and a new prominence we hope to have in the industry,” Swenson said. “It’s better visibility right on I-880. It's a newer facility. And we like the campus environment.”
In the real estate world, SGI is notable for the Mountain View campus it built for its corporate headquarters in the late-1990s -- a project that would famously become the Googleplex a few years later. Designed by Studios Architects, the 500,000-square-foot, 26-acre project set a new standard for corporate real estate with cutting-edge design and sustainability features. In 2003, SGI subleased the space to Google. Google bought it in 2006.
Today’s SGI was formed in 2009, when server maker Rackable Systems Inc. bought the assets of bankrupt Silicon Graphics Inc. for $42.5 million, giving it the nameplate of one of the Valley’s glittering stars. That deal gave Rackable access to SGI's large customer base and IP.

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Nathan Donato-Weinstein covers commercial real estate and transportation for the Silicon Valley Business Journal.

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