ALLEN, TX-After a lengthy search, Micron Technology Inc. hasdecided to relocate its regional design and engineeringheadquarters into Allen Office Center. The Boise, ID-based company,which manufactures semiconductor solutions and memory technologies,has inked a long-term lease for 31,775 square feet at 805 S.Central Expy.

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Micron is moving out of roughly 45,000 square feet at 1025Central Expy., also in Allen. The company, which has experienceddifficult financial conditions similar to the rest of the computerindustry since 2008, decided to reduce its space usage and findmore efficient space, according to Daniel Rudd, a senior vicepresident with Grubb & Ellis Co.’s Dallas office.

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Rudd and Billy Vahrenkamp, an associate vice president in thesame office, represented Micron in lease negotiations. Thelandlord, AFP Development Associates Ltd., a subsidiary ofWereldhave USA Inc., was represented by Burson Holman of CB RichardEllis’s Dallas office.

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Rudd tells GlobeSt. the new lease will reduce Micron’s localreal estate expenses by roughly 20%. It will move into its newspace in October.

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Rudd and Vahrenkamp began working with Micron during the thirdquarter 2008. The team evaluated roughly six different buildings onthe north side of the Metroplex before honing in on Allen OfficeCenter, a 115,200-square-foot, class B building.

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“This building was a good fit because it allowed Micron to usespace more efficiently and fit the same number of employees into asmaller space,” Rudd says. Built in 1998 and formerly occupied bySage Technologies, the two-story Allen Office Center offers Microngood visibility and access to Central Expressway, he adds.

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Additionally, Rudd and Vahrenkamp were able to negotiatebuilding signage as part of Micron’s new lease. And an additionalperk is that the space it leased was already improved with existinginfrastructure.

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Micron will occupy most of the first floor of Allen OfficeCenter, which is otherwise vacant. It leases for $10 per squarefoot, triple net.

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