The move also brings all of the company's headquarters functions under one roof for the first time. Gale's construction, development, IT systems, financial, leasing, legal, marketing and property and asset management departments are co-habiting the space. A focal point is a new multimedia marketing center.
"Our new corporate headquarters gives us the platform to continue to grow in a highly focused and effective manner," explains the company's chairman and CEO, Stan Gale.
Over the past year, the company has been a net seller of assets, aiming at putting together a war chest to acquire additional properties in its key markets. As a result of several investment sales, coupled with its fourth Morgan Stanley Real Estate Fund, Gale is said to have more than $400 million amassed for that purpose. Besides its headquarters here, the company has regional offices in New York, Boston, California and London.
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