Robert Bosch will relocate its Palo Alto-based Research and Technology Center to a new 104,000-square-foot, single-tenant office in Sunnyvale, Calif., by the end of 2017. The move consolidates associates from three suites in Palo Alto into one workspace.
The Sunnyvale office, representing a $40 million commitment over a 10-year lease, will relocate roughly 300 Bosch associates and interns currently working in Palo Alto by December 2017. The new location will house team members from Bosch Corporate Research, Robert Bosch Venture Capital and other divisions.
Bosch established its presence in Silicon Valley nearly 20 years ago. The Bosch Research and Technology Center in Palo Alto was founded in 1999 with three associates.
[Image courtesy: Bosch]