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The acquisition of GRM China will expand Iron Mountain's presence in Beijing, Shanghai, Guangdong, Qingdao, Dalian, Chengdu and Wuhan (including more than 2.5 million cubic feet of storage).
The lease procurements underway since 2015 are poised to yield longer-term lease contracts as those procurements are completed and the leases commence.
“The Lehigh Valley has emerged as a new source for companies with large space requirements that also benefit from proximity to the region's major consumer bases,” says Brandi Hanback of the Rockefeller Group.
"The lease at 2 Clarke Drive not only met Experic's current size needs, but offers enough room to accommodate the company's expansion,” says Cushman & Wakefield's Todd Elfand.
"AREP is actively working on additional acquisitions to complement its growing portfolio in the market," says Paul Schulman, AREP principal and chief operating officer.
The acquisition will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD's unique university partnerships—to JLL's specialized technology solutions team around the world.