SiTime signs 156-month lease for new Santa Clara HQ; base rent starts at $3.76M annual

SITIME Corp

Lease for 149,300 sq ft at 3250 & 3260 Jay Street, Santa Clara; occupancy expected by April 1, 2027.
Base rent: Year 1 ~$3.76M annual (with six-month abatement); Year 2 ~$5.73M annual; ~3% escalations after 25th month.
Landlord provides $16.05M buildout allowance and $1.3M power upgrade allowance.
Two renewal options of 60 months each.

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SITIME Corp entered into Lease with 3250 Jay Street Owner LLC (effective 2026-03-23).

Action: entry
Agreement: lease
Counterparty: 3250 Jay Street Owner LLC
Effective: 2026-03-23

Exact text from the filing

On March 23, 2026, SiTime Corporation (the "Company") entered into a lease agreement (the "Lease") with 3250 Jay Street Owner LLC, a Delaware limited liability company (the "Landlord") under which the Company will lease approximately 149,300 square feet of space in two adjacent buildings located at 3250 Jay Street, Santa Clara, California, 95054 and 3260 Jay Street, Santa Clara, California 95054 (collectively, the "Buildings").

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SITIME Corp filing history →

Source: SEC EDGAR

accession 0001451809-26-000022

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