NIO will consolidate US research, innovation and digital development centers into a 201,500 square-foot facility in San Jose
"NIO USA's new Research and Innovation Center signifies an exciting chapter for the company as it continues to develop state-of-the-art technology for its electric vehicles. In addition, on behalf of the collective team at Colliers, we are honored to have guided NIO USA through its successful search for a new headquarters facility in support of NIO, Inc.'s international market expansion," said Senior Vice President Sean Toomey.
Colliers brokered both sides of the deal. Michael Rosendin, Craig Fordyce, Shane Minnis, and Ryan Ward represented the landlord, Zanker Road Partners, LLC, an affiliate of Los Angeles-based Oakmont Corporation. Toomey, Jere Hench, John McMahon, and Sean McMahon represented NIO.
"As North San Jose continues to attract global technology innovators, an EV industry leader like NIO is a perfect fit for one of the market's premier Office/R&D properties," said Brad Meadow, Managing Director at Oakmont Corporation.
3151 Zanker Road was originally constructed in 1990 and underwent significant interior and exterior renovations in 2020 including a new lobby and front façade; a complete rebuild of the rear café space that involved the installation of an outdoor deck adjacent to the café and sliding glass doors; second-floor exterior balconies; new landscaping and stone paving; and a new highly visible monument sign facing the heavily traveled Montague Expressway. The building is suited for both office and R&D use. In addition, a portion of the first floor serves as a shipping and receiving area.
The building is surrounded by 1.2 acres of amenities and features full-sized basketball and tennis courts, a half basketball court, a sand volleyball court and an amphitheater. Other on-site amenities include a fitness center and indoor racquetball court.
The property is near several industry-leading technology companies such as Western Digital (formerly SanDisk), Google, Samsung, PayPal, Cisco and Microsoft and one block away from the Santa Clara County VTA Light Rail stop. Interstate 880 and highways 237 and 101 are also easily accessed from the property.
Allison+Partners for Colliers Northern California
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.