Peter Webster and Jason Chartrand of Staubach Co.'s local office represented APAC in the lease negotiations. No one at Holder, Staubach or APAC would disclose the terms.
GlobeSt.com research, however, pegs the rental rate at between $18 per sf and $20 per sf, based on current area rentals. That would give the estimated 10-year lease an aggregate value of $5.13 million.
APAC is a subsidiary of Ashland Inc., a Covington, KY-based conglomerate that ranks in the upper half of the Fortune 500. The Ashland subsidiary's service center will open this month with a staff of 30 and expand to 170 over the next two years.
The space was vacated when Menlo Park, CA-based E*Trade, a publicly traded online brokerage and financial services company, terminated its lease. E*Trade recently came under fire for excessive compensation packages and losses in both revenue and stock value.
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