Iridex, the longtime Mountain View maker of medical laser systems, is packing up its headquarters and heading to South San Jose, signing on for roughly 30,800 square feet at Hellyer Oaks Technology Park. The company plans to open the new HQ this summer, with the lease slated to kick in on July 1. The move will pull together the functions currently housed at Iridex’s Mountain View address into a single office campus in the city’s Santa Teresa/Hellyer neighborhood.
According to an SEC filing, Iridex has signed a triple-net lease for approximately 30,784 rentable square feet at 5215 Hellyer Avenue, designating it as the new corporate headquarters. The deal runs for an initial 90-month term, with an option to extend for another 60 months, and includes a six-month abatement of minimum rent after the lease begins. First-year annual base rent is listed at about $646,464, stepping up over time, with Iridex also on the hook for its share of operating expenses, taxes and utilities.
Tenant build-out and brokers named in the lease
The lease comes with a Tenant Work Letter that lays out how the new space will be built out. In plain language, the agreement says the landlord will handle the improvements inside the premises and pay for them. The document also spells out a parking ratio of about 3.7 unreserved spaces per 1,000 square feet and identifies Cushman & Wakefield as the landlord’s broker and Hughes Marino as the tenant’s representative. See the lease exhibit on the SEC site.
Why Iridex says it’s moving
Iridex is pitching the move to investors as a way to cut its costs. The company estimates the relocation will shave about $400,000 off operating expenses in fiscal 2026 and roughly $600,000 a year after that. Those plans landed shortly after Iridex reported preliminary 2025 numbers showing about $52.5 to $52.7 million in full-year revenue and positive cash flow in the fourth quarter. Iridex announced the relocation on February 2 through GlobeNewswire, after sharing the preliminary operational and financial results in a January 12 release, also via GlobeNewswire.
Hellyer Oaks and local context
The new address, 5215 Hellyer Avenue, sits inside the Hellyer Oaks Technology Park, a two-building office and R&D campus marketed locally by Cushman & Wakefield, which lists Erik Hallgrimson, Walt Stephenson and Clark Steele as property contacts. In recent years, the park has been repositioned as flexible office and R&D space aimed at medical-device players and smaller engineering teams. A listing from Cushman & Wakefield includes the building brochure and current availability details.
Investors get their next official look at Iridex’s numbers on March 26, when the company is scheduled to report fourth-quarter and full-year 2025 results and host a corresponding conference call, according to market listings. That timing means Wall Street will have fresh financial context as Iridex moves ahead with its San Jose headquarters plan. A market listing on StockTitan shows the March 26 reporting date and call details…