The goal of the move is to be better positioned to attract the quality engineers needed to keep pace with demand for its product. As a bonus, due to the slumping economy, the company's broker tells GlobeSt.com he is finding some fantastic deals west of Portland in the Sunset Corridor area.
"We are seeing a number of sublease opportunities in the sub-$1/sf/mo range (on a net basis) where the offices, telephones and networks are already in place," says Pat Schreck of Melvin Mark Brokerage. "Newer space is in the sub-$1.05/sf range with lots of incentives, including free rent and high tenant-improvement allowances; I've even been offered a trip to Hawaii."
That Serveron is in a position to take advantage is a small miracle in itself. In the spring of 1999, as Micromonitors Inc., Serveron had no cash, no product one paid employee and plenty of creditors.
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