GlobalFoundries Signs 40,000 Square Foot Lease in Bangalore
Cresa's Bangalore and San Francisco offices assisted GlobalFoundries, a worldwide leader in full-service semiconductor design, development, fabrication and innovation, in structuring a lease for approximately 40,000 square feet in Bangalore, India. The acquisition of a contiguous floor to its existing office helps GlobalFoundries consolidate their operations to one space of about 120,000 square feet. The facility is located within the Manyata Embassy Tech Park, a 10 million square foot ultra-modern tech space, in the North Corridor, close to the Bangalore International Airport. The new space is expected to house upwards of 400 additional employees making this the company's largest office in India.
Cresa's San Francisco office referred the project to Bangalore. Bangalore’s team, led by S C Jaisimha, worked closely with the San Francisco office, led by Craig Zodikoff, to structure the transaction.