Cervalis LLC has signed a lease for 71,500 sf of space at 165Meyers Corner Rd. in Wappingers Falls, a 143,000-sf building ownedby Laerdal Medical Corp., which operates out of an adjoiningbuilding in the complex. Gordon Rutherfurd, director of businessattraction for the Dutchess County Economic DevelopmentCorporation, says the firm had applied for and was awarded $115,000in employee training grants by the Dutchess County IndustrialDevelopment Agency earlier this week.

Rutherfurd says, "Several days after IBM announced the largestcapital investment in New York State history here now is this deal,which is the largest lease transaction in years in DutchessCounty."

Michael Boccardi, president and chief executive officer ofCervalis, confirmed reports by the real estate brokerage communitythat the lease deal had been signed. He also revealed that thefirm, which is now housed in temporary space in Cheshire, CT, hassigned a 9,000 sf lease at 1200 Bedford St., in Stamford to serveas its corporate headquarters. Howard Properties also representedCervalis in that transaction. He says the firm will occupy its newcorporate headquarters space in Stamford, CT by the end of thismonth and hopes to move into its Dutchess County space sometime inthe first quarter of 2001.