Santana Row is welcoming two new artificial intelligence powerhouses to its One Santana West office building. Etched and Securiti.ai have signed leases totaling 60,400 square feet, further adding to Santana Row’s status as a magnet for innovative companies. While most new Silicon Valley office buildings are struggling, One Santana West is already 80% leased.
A Closer Look at the New Tenants
Etched, a company specializing in AI semiconductor chips, has secured 49,500 square feet, taking over the entire second floor of the eight-story building at 3155 Olsen Dr. Meanwhile, Securiti.ai, a firm focused on software solutions for safer AI and data use, has leased 10,900 square feet on the third floor. These deals have pushed One Santana West to 80% leased, according to Federal Realty Investment Trust, the principal owner and developer of Santana Row. With only the fifth floor still available in this 370,000-square-foot space, it’s clear that demand is soaring.
Jan Sweetnam, Federal Realty’s Chief Investment Officer, summed it up perfectly: “Santana West is ideal for companies seeking a modern and efficient workspace and the deepest set of amenities and services available.” The building’s appeal isn’t just about square footage—it’s about offering a dynamic environment where businesses can thrive.
Santana Row: A Growing Hub for Diverse Companies
These new leases are part of a broader trend that’s putting Santana Row on the map as a go-to location for a wide range of industries. Alongside Etched and Securiti.ai, One Santana West is home to an impressive lineup of tenants:
- PwC U.S. Group, a professional services giant, occupies 141,000 square feet.
- Acrisure, a financial tech and insurance firm, leases 29,000 square feet.
- Couchbase, another AI innovator, has 23,700 square feet.
- Calix, a cloud services provider, rents 23,000 square feet.
- Pivot Interiors, a workspace design company, takes up 15,000 square feet.
- BetterHelp, an online therapy platform under Teledoc, leases 10,400 square feet.
Add to that The Good Eating Company, a full-service café operating on the ground floor, and you’ve got a building that’s not just a workplace but a community. The shift in strategy by Federal Realty—moving from seeking a single tenant to offering flexible spaces for multiple companies—has clearly paid off, attracting a diverse mix of businesses eager to call Santana Row home.
Why This Matters for San Jose
The arrival of Etched and Securiti.ai isn’t just good news for Santana Row—it’s a win for all of San Jose. These companies bring high-tech jobs, economic growth, and a fresh wave of energy to our city. The AI surge is breathing new life into the South Bay office market, and Santana Row’s proximity to Stevens Creek Boulevard and South Winchester Boulevard makes it a prime spot for businesses looking to tap into San Jose’s talent pool and vibrant culture.
Beyond the numbers, there’s something inspiring about seeing Santana Row evolve into a place where innovation meets lifestyle. With its array of amenities—dining, shopping, and entertainment just steps away at the main Santana Row strip—it’s no wonder companies are flocking here. As Sweetnam noted, “Santana West delivers on every reason to want to come into the office.” It’s a workplace that feels less like a chore and more like a destination.
