X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORTH ANDOVER, MA-Global Communications Corp. is relocating its headquarters from Newburyport to a 17,000-sf facility here. The move comes as the company, a manufacturer of integrated chips for wireless networking, received $15.6 million in second-round financing.

According to Pan Meader, a spokesperson for the company, the new space is significantly larger and will able to accommodate the company’s 43 employees as well as provide for anticipated growth. Meader also tells GlobeSt.com that the company liked this area’s accessibility to Route 495 and its proximity to other tech companies.

Despite the fact that the lease was signed in June–before the combined forces of the recession and the terror attacks affected the office real estate market in this area–Meader insists that the company received a “very aggressive” lease rate. She declined to disclose what the company was paying for the space.

In addition to its facility here, Global Communications, which was founded in 1996, has a design center in Colorado Springs. In addition to the relocation, the money will also be used to develop and initiate production of the company’s latest tranceiver chips.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.