NetScreen has signed a long-term sublease to occupy a160,000-sf, two-story building at Ariba's Sunnyvale headquarters.While the terms of the lease were not disclosed, the lease rate forthe building falls between $1 and $1.80 per sf per month, triplenet.
The building is part of a 715,000-sf development at MoffettField owned by Jay Paul Co., which bought about 25 acres fromLockheed Martin to build the office campus. Ariba has a 12-yearlease with the development firm and is subleasing the majority ofthe space.
To accommodate growth, NetScreen plans to relocate from its70,000-sf of current space, which is spread between three Sunnyvalebuildings, to the new Moffett Park building in February 2003.
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