Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Allstate To Occupy New Twin Oaks Building
Allstate Corp. of Northbrook, Ill., will lease 50,030 sf of the new Two Twin Oaks facility planned by real estate developer Koontz McCombs LLC. Located in the Twin Oaks Office Park in North Central San Antonio, the 70,000-sf building will contain 67,000 nsf of rental space.
Cisco Plans Boxborough, Littleton Expansion
California-based tech giant Cisco Systems has planned 13 buildings in Boxborough and Littleton totalling 1.5 million sf and is seeking approval to develop 500,000 sf in three additional buildings for a total of 2 million sf. At the Boxborough office campus, the network switching and routing company's "second home" in Massachusetts, only a small portion of the currently unoccupied 10-building campus has been built.
Point Loma Nazarene Renovation Completed
Renovations to a 48,000-sf building have been completed at Point Loma Nazarene University's Mission Valley campus.
Lipomed To Occupy New Headuarters
LipoMed will consolidate its three Raleigh locations in a new headquarters for the biotech company at the Parker Business Center, where Phase I construction is complete. A nearby 40,000-sf shell building has been fitted-up and is ready for move-in. An adjacent 33,000-sf shell building will be upfitted, and a 12,000-sf connector built in Phase II of the project. LipoMed performs diagnostic testing of lipoproteins to determine heart disease risks.
Perkin Elmer Develops Billerica Manufacturing Facility
PerkinElmer Life Sciences, based in Boston, has a new 3,800-sf manufacturing building under construction in Billerica. The renovated space will accommodate 10-12 employees. The plant will produce Yttrium 90 for use in radiotherapeutic cancer treatment. It is anticipated that the facility will be operational in early 2002.