According to published reports, a lease has been signed for more than 230,000 sf at Second and Howard Streets. Move-in is expected in the spring of 2001.
There has been no word as to how much Cnet will be paying for the space. Recent reports by Cushman & Wakefield put rents in the neighborhood at about $77 per sf, but there are usually bulk discounts.
The move is likely only temporary. The expanding Cnet is on the hunt for a more permanent place to hang its hat, according to company CEO Shelby Bonnie.
Both Cnet and ZDNet produce technology-related news and review content for the Web. The merger was completed Tuesday, after a vote of Cnet shareholders. Under the merger each share of ZDNet stock was converted to 0.5932 shares of Cnet stock. Total value of the merger is estimated at $294 million.
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