The firm has shifted some of its operations to its new space onthe second floor, Greenberg tells, with the remainingoperations scheduled to move into the building by the end of theyear. "What is unique about this space is that it is fully builtout with work stations, which means the tenant doesn't have to doany fit-out or improvement work. All the equipment was alreadythere, which actually was key to the deal."


Another factor that sold Simplexity on the space was the floorlayout, Wolf tells "With everyone on one floor,operations are more efficient. The square footage they are usingnow is 20% to 25% per employee less than before." All together, headds, the firm has cut its space usage by 15% with theconsolidation. There will be 300 employees occupying the 47,505sf.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.