The new lease is worth about $22 million. DigitalGlobe is more than doubling its space for its new corporate headquarters. It is moving about a half mile from its current headquarters.
"The business momentum that DigitalGlobe has created over the last two and a half years is overwhelming," says Herb Satterlee, chairman and CEO of DigitalGlobe. "It was clear that we needed additional space to keep the momentum going, and the Boulder County Business seems a perfect fit. This move also allows us to remain in Longmont, which is important to our employees and the relationships we've established with the city."
The largest lease in Boulder County also was signed in the Boulder County Business Center at 1601 Dry Creek Drive. Intrado, a 911-management system and service provider, leased 276,928 sf in May 2001.
With the latest deal, the 547,140-sf center is slightly more than 90% leased. StorageTek, an information storage company headquartered in nearby Louisville, also is a tenant in the center.
"To say that we are pleased to be selected as the home for DigitalGlobe's headquarters would be an understatement," says KBS senior vice president Samuel DePoy.
KBS was represented by Doug Bakke and Frank Kelley of CB Richard Ellis. DigitalGlobe was represented by Chuck McKenney, Alex Hammerstein, Phillip Infelise and John Hammett of Cresa Partners. DePoy says the Cresa brokers and the CBRE brokered worked well together on a "large and complicated transaction."
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