TelePlace was attracted to the area partly by the othercompanies in the area, which creates a usable infrastructure.

The company plans to spend $25 million to upgrade the70-year-old facility, and expects to take eight months to completethe work. It plans to open about 100 data centers around the worldby 2005.

Staubach Co. brokered the deal.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.