MediaTek is taking over the former Arista Networks digs at 5453 Great America Parkway in Santa Clara, locking in roughly 111,000 square feet at the Santa Clara Gateway office complex. The move fills a major hole along the Highway 237 corridor and signals that big Bay Area office blocks are becoming more attractive again as AI-fueled hiring picks up.
According to CoStar, MediaTek has signed on to anchor the former Arista Networks building at the Santa Clara Gateway campus. CoStar characterizes the lease as part of a broader wave of demand for Silicon Valley office space tied to the global artificial-intelligence boom.
A disclosure filed by MediaTek’s parent company and republished by MoneyDJ shows that MediaTek USA Inc. is taking 110,979 rentable square feet at a monthly rent of about $410,622, or roughly $3.70 per square foot. The document lists a usage-right asset value of about $41.56 million, names Santa Clara Gateway I LLC as the counterparty, and details annual rent bumps of about 3%…