Located in the city's Old Town area, the 15-year-old building offers 156,207 sf of office space on six floors. Starbase took on the space last year when it acquired the Alexandria-based company worldweb.net, which had moved into the offices in July 2000 after experiencing record growth. The company will keep offices in the Washington Metro area to serve the Starbase Federal Sales Group and the eXpressroom development team.
"We are reviewing every single recurring expense to reduce both the short and long-term liabilities for the company," Starbase president and COO Jim Harrer explains in a statement. In return for its release from the lease contract, Starbase will give up its $1.1 million restricted cash deposit and will leave behind some office furniture.
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