Santa Clara, CA – August 24, 2025 – Cushman & Wakefield announced today that the real estate services firm has arranged a new long-term lease for Itron at 3005 Tasman Drive, a prominent office building within The Quad at Tasman campus in Santa Clara. The global industrial IoT company that innovates new ways for utilities and cities to manage energy and water will occupy 56,258 square feet, relocating from 210 & 230 W Tasman Drive.
Cushman & Wakefield’s Chris D'Ambrosia and Mark Carnese represented the tenant. Brandon Bain and Erik Hallgrimson, also of Cushman & Wakefield, represented the landlord, South Bay Development Co., in the transaction.
"This lease demonstrates the vibrancy of the Silicon Valley real estate market," said D'Ambrosia. "Itron was drawn to 3005 Tasman Drive for its proximity to their current location, as well as the opportunity to move into a project with enhanced amenities and a reduced basis. The competition for high-quality office space in this area is fierce, and this transaction further exemplifies the area’s desirability.”
This is the third significant R&D transaction that D'Ambrosia has advised on in the past two months. He and his business partner, Jeff Cushman, recently completed two larger transactions on behalf of Advantest and another confidential company less than two miles away.
Designed to support innovation and flexibility, The Quad offers ±410,409 square feet of space across seven buildings. 3005 Tasman Drive is a two-story office building that is WELL certified, emphasizing occupant wellness and building sustainability. Significant site amenities distinguish the property, including surface and covered parking, 28 electric vehicle charging stations and expansive outdoor spaces that cater to modern work styles. Tenants benefit from seamless WiFi connectivity outdoors, a vibrant on-site café (1 Oz Coffee), gaming and fitness areas and multiple collaboration and meeting zones set within landscaped open-air environments.
The property's location in North Santa Clara provides excellent accessibility to public transportation, with several transit and commuter rail options nearby. The building is also conveniently located near major highways, making it easily accessible for commuters. Additionally, the area offers a variety of dining, shopping and entertainment options, enhancing the appeal for tenants and their employees
Cushman & Wakefield Arranges 56,258 SF Lease for Itron in Santa Clara
Jayden Lapin • 9/25/2025
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.