Walmart E-Commerce Signs Biggest Silicon Valley Office Lease Since 2023

Walmart Inc., the e-commerce division of Walmart, signed a 338,307-square-foot lease at Tech Corners, located at 803-815 11th Avenue in Sunnyvale. The transaction reportedly marks the largest new office lease in Silicon Valley since 2023, surpassing the recent Zscaler lease.

Newmark executive vice chairman Phil Mahoney and vice chairman Mike Saign represented the owner, Jay Paul Company, in lease negotiations. The transaction expands Walmart Inc.’s Silicon Valley hub within Tech Corners, a Jay Paul Company project spanning 26 acres and home to a 957,204-square-foot office campus, recently revitalized with a $30-million renovation. Over the past decade, the campus has historically been fully leased.

“This lease reflects the enduring appeal of Tech Corners, a premier Class A campus with a legacy of full occupancy,” said Mahoney. “Its recent $30-million refresh delivers a best-in-class, transit served, plug-and-play environment tailored for scaling companies like Walmart Inc.”

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