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LOWELL, MA-The company outgrew its old space when staffing shot up from 30 to 110 people in a year. Its new quarters at CrossPoint Towers keep it near its peer groups and employees, which were important considerations.
PARSIPPANY, NJ-When the utility giant sold off its nuclear business, a precious 66,000 sf of class A space came onto a market still thirsty for options, but two-thirds of that is already gone.
SAN FRANCISCO-The Atlanta-based consultancy was going to take floors 18-25 in Tishman Speyer's 575 Market St. "We signed a 15 year lease, and we paid a lease termination fee and are now no longer involved with the property," confirms an iXL official.
ORLANDO- Cushman & Wakefield of Florida Inc. is giving double duties to Karl Johnston, naming him to head the new North Florida division. Johnston directs C&W's financial services group. C&W owns The Apartment Group.
MOUNTAIN VIEW, CA-One of the buildings, 1500 Crittenden Lane, is being sold to Goldman Sachs in a deal expected to close at the end of July. The second building, at 1401 N. Shoreline Blvd., totals 117,208 sf and lists at $41 million.
IRVINE, CA-Practitioners from the brokerage and technology communities say the well has dried up on venture capital for technology companies, but the current real estate cycle should be shorter than usual.
IRVINE, CA-Practitioners from the brokerage and technology communities say the well has dried up on venture capital for technology companies, but the current real estate cycle should be shorter than usual.
DOUGLASVILLE, GA-The telecommunications firm is leasing the single-story building, 25 miles east of Downtown Atlanta, for 15 years. The deal is one of the largest in metro Atlanta this year.