Cavium leases full building at ‘NextGen’ campus in Irvine Spectrum
IRVINE, Calif. (Dec. 5, 2016) — Cavium, Inc., a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, has leased a four-story building at Irvine Company’s new “NextGen” campus at Sand Canyon Business Center in Irvine Spectrum.
Cavium, which is headquartered in San Jose, acquired Aliso Viejo-based QLogic Corporation, a networking and storage provider, in August, and will move the QLogic operations into its new location in the Summer of 2017.
The company will join AutoGravity, a rapidly expanding automotive financing innovator, which has leased 40,000 square feet in the project’s other, four-story building. The leases bring the NextGen campus to 70-percent pre-leased.
“We are thrilled that Cavium chose our NextGen campus at Sand Canyon Business Center as the place that will help them continue to recruit and retain top talent while enjoying continued success,” said Steve Case, executive vice president, Irvine Company Office Properties.
The two, four-story buildings feature sleek, modern architecture with coastal California lifestyle amenities, including floor-to-ceiling glass and aluminum curtain walls for superior natural light and energy efficiency. The Commons, a large open-air outdoor workspace, at the heart of the campus, features Wi-Fi-enabled outdoor living-rooms, sun decks, al fresco dining, barbeques and more, for people to work, collaborate or simply reboot.
The NextGen concept was developed after extensive research into the needs of today’s businesses and employees.
Sand Canyon Business Center is close to the 405, 5 and 133 freeways near Irvine Center Drive and Sand Canyon Avenue.
Accelerated plans for the four-story buildings were prompted by the strong demand for Irvine Company office space. The company is 97-percent leased overall in Irvine Spectrum.
The brokers for Cavium were Jeff Hoffman and Tracey Solari with Newmark Cornish & Carey and Greg Tippin, Stacy Garcia and Byron Foss with Newmark Grubb Knight Frank.
About Irvine Company Office Properties
Irvine Company has evolved the traditional office to something much more: a vibrant workplace community. A place where collaboration is encouraged and creativity is enabled to elevate business success. The company owns and manages 500 premiere coastal California workplace communities in Orange County, Los Angeles, Silicon Valley and San Diego. Its timeless design and quality craftsmanship is consistent with its long-term view and pride of ownership.
Cavium, Inc. (NASDAQ: CAVM), offers a broad portfolio of integrated, software compatible processors ranging in performance from 1Gbps to 100Gbp that enable secure, intelligent functionality in Enterprise, Data Center, Broadband, Mobile and Service Provider Equipment, highly programmable switches which scale to 3.2Tbps and Ethernet and Fibre Channel adapters up to 100Gbps. Cavium processors are supported by ecosystem partners that provide operating systems, tools and application support, hardware reference designs and other products. Cavium is headquartered in San Jose, CA with design centers in California, Massachusetts, India, Israel, China and Taiwan.