Zscaler Signs 301,163-Square-Foot Lease for New Global Headquarters in Silicon Valley
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.
Newmark (NMRK) ha concluso il più grande contratto di locazione per uffici nuovi nella Silicon Valley dal 2023, assicurandosi un subaffitto di 301.163 piedi quadrati per la nuova sede globale di Zscaler a Santa Clara, California. L'accordo, situato al 4301 e 4401 Great America Parkway, è stato guidato dal Vice Presidente Mike Saign e dal Senior Managing Director Rich Hoyt di Newmark.
La nuova sede, prevista per l'estate 2026, supporterà l'espansione di Zscaler e rafforzerà la sua posizione nel settore della cybersecurity zero trust. La proprietà, situata nel corridoio di Great America Parkway vicino al Levi's Stadium, offre vantaggi strategici come la vicinanza a importanti aziende e numerosi servizi.
Newmark (NMRK) ha gestionado el mayor contrato de arrendamiento de oficinas nuevas en Silicon Valley desde 2023, asegurando un subarrendamiento de 301,163 pies cuadrados para la nueva sede global de Zscaler en Santa Clara, California. El acuerdo, ubicado en 4301 y 4401 Great America Parkway, fue liderado por el Vicepresidente Mike Saign y el Director Senior Rich Hoyt de Newmark.
La nueva sede, programada para abrir en el verano de 2026, apoyará la expansión de Zscaler y reforzará su posición en la ciberseguridad de confianza cero. La propiedad, situada en el corredor de Great America Parkway cerca del Levi's Stadium, ofrece ventajas estratégicas como la proximidad a empresas corporativas destacadas y diversas comodidades.
뉴마크(NMRK)는 2023년 이후 실리콘밸리에서 가장 큰 신규 오피스 임대 계약을 체결하며, 캘리포니아 산타클라라에 위치한 Zscaler의 새로운 글로벌 본사를 위해 301,163평방피트의 서브리스 계약을 확보했습니다. 이번 계약은 4301 및 4401 Great America Parkway에 위치하며, 뉴마크의 부회장 마이크 세인(Mike Saign)과 선임 전무 리치 호이트(Rich Hoyt)가 주도했습니다.
2026년 여름 개장을 목표로 하는 이 본사는 Zscaler의 확장을 지원하고 제로 트러스트 사이버 보안 분야에서의 입지를 강화할 예정입니다. Levi's 스타디움 인근 Great America Parkway 지역에 위치한 이 부동산은 주요 기업들과 다양한 편의시설과의 근접성 등 전략적 이점을 제공합니다.
Newmark (NMRK) a conclu la plus grande location de bureaux neufs dans la Silicon Valley depuis 2023, en sécurisant un sous-bail de 301 163 pieds carrés pour le nouveau siège mondial de Zscaler à Santa Clara, Californie. L'accord, situé au 4301 et 4401 Great America Parkway, a été dirigé par le vice-président Mike Saign et le directeur général principal Rich Hoyt de Newmark.
Le nouveau siège, dont l'ouverture est prévue pour l'été 2026, soutiendra l'expansion de Zscaler et renforcera sa position dans la cybersécurité zero trust. La propriété, située dans le couloir de Great America Parkway près du Levi's Stadium, offre des avantages stratégiques tels que la proximité de voisins corporatifs de renom et diverses commodités.
Newmark (NMRK) hat den größten neuen Büro-Mietvertrag im Silicon Valley seit 2023 abgeschlossen und einen Untermietvertrag über 301.163 Quadratfuß für den neuen globalen Hauptsitz von Zscaler in Santa Clara, Kalifornien, gesichert. Der Deal, gelegen bei 4301 und 4401 Great America Parkway, wurde von Newmarks Vizevorsitzendem Mike Saign und Senior Managing Director Rich Hoyt geleitet.
Der neue Hauptsitz, der im Sommer 2026 eröffnet werden soll, wird die Expansion von Zscaler unterstützen und seine Position im Bereich Zero-Trust-Cybersicherheit stärken. Die Immobilie im Great America Parkway-Korridor nahe dem Levi's Stadium bietet strategische Vorteile, darunter die Nähe zu namhaften Unternehmen und verschiedenen Annehmlichkeiten.
- None.
- Large real estate commitment amid uncertain office market conditions
- Significant financial obligation through sublease agreement
Insights
Zscaler's massive 301K sq ft HQ lease signals strong growth trajectory and financial health despite hybrid work trends.
This 301,163-square-foot sublease represents a significant capital commitment from Zscaler, indicating robust financial health and ambitious growth plans. As the largest new office lease in Silicon Valley since 2023, this transaction stands out in a market that has seen hesitancy toward large office footprints following pandemic-driven work model shifts.
The strategic location in Santa Clara's Great America Parkway corridor positions Zscaler among elite tech neighbors and provides access to Silicon Valley's talent pool. This proximity to Levi's Stadium and retail/restaurant amenities creates a compelling employee value proposition in the competitive tech hiring landscape.
The timeline—signing in 2025 for a summer 2026 opening—suggests careful planning for anticipated growth rather than an urgent space need. This methodical approach aligns with sustainable expansion rather than reactive space acquisition.
Particularly noteworthy is Zscaler's commitment to a traditional headquarters model when many tech firms are reducing office footprints. This contrarian approach signals confidence in collaborative workspace value and suggests Zscaler anticipates substantial headcount growth to utilize this space effectively.
The sublease structure likely offers favorable economics compared to direct leasing, demonstrating financial prudence while securing premium space. This transaction ultimately represents a significant vote of confidence in Zscaler's future growth trajectory and financial outlook.
Newmark Arranges Largest1 New Office Lease2 in Silicon Valley Since 20233
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
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.
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