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AUSTIN-Net Quotient Consulting Group of Austin is snatching up 13,249 sf of prime office space that had been on the market less than three weeks at the Prominent Point Building, 8310 Capital of Texas Highway. The five-year lease opens the door for Net Quotient to expand in 2001.

Kevin Granger, vice president of Trammell Crow Co.’s office division, brokered the lease along with Diann Cowling of Quick & Co. in Austin, who has been representing Net Quotient in its year-long search for a suitable site.

Granger told GlobeSt.com that the most amount of space to open up this year in Prominent Point has been about 4,000 sf until 2-1/2 weeks ago. “It’s rare to have that big of a block,” he says. The space has been vacated by a company that has been declared in default, says Granger. The lease, which takes effect Jan. 1, returns the building to full occupancy and gives Net Quotient expansion rights for future space at the structure owned by Cigna Insurance Co.

The Web-based consulting firm, founded five years ago, employs 40 people, but is planning to beef up its staff to at least 55 in 2001, according to Net Quotient’s office manager, Theresa Fritschle. She says the company will begin to move into the space in mid-December.

Net Quotient has been officing in less than 5,000 sf at a building along Bee Caves Road, says Cowling. Her client has been searching for more space since last year, hoping to stay in the same vicinity. But, the task hasn’t been easy. “Anything from 10,000 sf to 20,000 sf is very hard to find,” she told GlobeSt.com. Prominent Point not only is located close to Net Quotient’s present office, but the interior requires very few changes, says Cowling.

Net Quotient’s parent company is Applicom Software Industries, an Israeli firm publicly traded on the Tel Aviv Stock Exchange. Applicom is a subsidiary of The Formula Group, Israel’s largest high-tech company consisting of 30 software businesses.

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