Zscaler Signs 301,163-Square-Foot Lease for New Global Headquarters in Silicon Valley

Rhea-AI Summary

Newmark (NMRK) has arranged the largest new office lease in Silicon Valley since 2023, securing a 301,163-square-foot sublease for Zscaler's new global headquarters in Santa Clara, California. The deal, located at 4301 and 4401 Great America Parkway, was led by Newmark's Vice Chairman Mike Saign and Senior Managing Director Rich Hoyt.

The new headquarters, scheduled to open in summer 2026, will support Zscaler's expansion and reinforce its position in zero trust cybersecurity. The property, situated in the Great America Parkway corridor near Levi's Stadium, offers strategic advantages including proximity to corporate neighbors and various amenities.

Positive

• None.

Negative

• Large real estate commitment amid uncertain office market conditions
• Significant financial obligation through sublease agreement

Newmark Arranges Largest¹ New Office Lease² in Silicon Valley Since 2023³

SAN JOSE, Calif., May 16, 2025 /PRNewswire/ -- Newmark announces that the company represented Zscaler in a new 301,163-square-foot sublease at 4301 and 4401 Great America Parkway in Santa Clara, California. This significant transaction establishes Zscaler's new Silicon Valley global headquarters, to support the company's rapid growth and its position as the leader in zero trust cybersecurity. Zscaler provides AI-powered solutions that protect enterprises.

Newmark Vice Chairman Mike Saign and Senior Managing Director Rich Hoyt were the leads for the interdisciplinary team that advised Zscaler. The new global headquarters, set to open in summer 2026, will provide a state-of-the-art workplace to accommodate Zscaler's expanding workforce, reinforcing their commitment to innovation in the heart of Silicon Valley.

"We are honored to continue our long-standing partnership with Zscaler to support their continued growth with this important project," said Saign. "The location underscores Zscaler's strategic vision to remain at the forefront of the cybersecurity industry while fostering a collaborative and innovative environment for its employees."

"The opening of our new headquarters marks an exciting chapter for Zscaler," said Brendan Castle, Chief People Officer, Zscaler. "This facility is a reflection of our values, our vision and our belief in the power of bringing people together to solve big challenges and drive innovation. We are excited to create a space that enables the growth for our teams, fosters collaboration, supports our customers and positively impacts the community we call home."

Located in the renowned Great America Parkway corridor, the property is surrounded by world-class corporate neighbors, adjacent to Levi's Stadium and offers convenient access to nearby retail, restaurant and hotel amenities.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

¹ By Square Footage
² Including subleases
³ According to Newmark Research

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SOURCE Newmark Group, Inc.

FAQ

What is the size of Zscaler's new headquarters lease arranged by Newmark (NMRK)?

Zscaler's new headquarters lease, arranged by Newmark, is 301,163 square feet, located at 4301 and 4401 Great America Parkway in Santa Clara, California.

When will Zscaler's new Silicon Valley headquarters open?

Zscaler's new Silicon Valley headquarters is scheduled to open in summer 2026.

Where is Newmark's (NMRK) new lease for Zscaler located?

The lease is located at 4301 and 4401 Great America Parkway in Santa Clara, California, in the Great America Parkway corridor adjacent to Levi's Stadium.

Why is this lease significant for Newmark (NMRK)?

This lease represents the largest new office lease in Silicon Valley since 2023, demonstrating Newmark's ability to secure major transactions in a key market.