EdFund will vacate 175,000 sf in three buildings when it occupies its new space. EdFund president Sam Kipp says that staying in the company's current locations in Rancho Cordova--3300 Zinfandel Dr. and 10834 International Dr.--"would have required costly and extensive changes to meet our long-term space and technology requirements."

Studley senior managing director Eric Danielson, who represented EdFund in the transaction with colleague Andy Lechter, tells GlobeSt.com that due to inefficiencies with its current locations, EdFund also would have had to lease additional space in order to accommodate its current requirements.

Given the need for more efficient, more modern space, staying in Rancho Cordova but moving to a new facility provides for future flexibility and growth for EdFund while minimizing employee disruption and turnover, Danielson says.