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
Chase Manhattan Global Division Builds Near Dallas
Chase Manhattan Bank, recently merged with J.P. Morgan & Co., will relocate its global division to the new 15-story Tower II building under construction at the J.P. Morgan International Plaza near Dallas. The 405,000-sf structure will house over 3,000 employees engaged in securities processing, fund accounting, and technology (systems development and support). Completion is planned for February 2002, with the addition of a cafeteria, fitness center, and child care center by June 2002. Wilcox Development Services is the developer of the Plaza project.
Sun Microsystems Plans Campus in Dublin, Calif.
Sun Microsystems has plans for a new six-building office campus at the Dublin Transit Center. Sun purchased 12 acres from Alameda County for its 750,000-sf complex, which will include the buildings, parking structures, and groundfloor retail.
Deere & Co. Expands in Cary
Deere & Co., based in Moline, Ill., has expanded plans for its 65-acre campus in Cary to accommodate as many as 2,000 employees in four 160,000-sf buildings. It will serve as headquarters for John Deere Worldwide Commercial and Consumer Equipment Division, accommodating 500 employees when completed in October 2001. The new master plan calls for three additional buildings of the same size, which may be built over a ten-year period. Deere manufactures farm and lawn equipment.
Sycamore Networks Plans Tyngsborough Campus
Sycamore Networks is proposing a new $120 million corporate campus in Tyngsborough. The eight-building, 926,500-sf project is planned to accommodate 661,500 sf for R&D housed in four buildings; a 200,000-sf corporate headquarters; a 50,000-sf center for customer care; a 10,000-sf daycare center; and a wellness center that will occupy 5,000 sf. Phase I construction is scheduled for completion in 2002, with full build-out in 2005. The associated parking areas, utilities, driveways, and drainage are included in the project.
Hyseq Builds Sunnyvale Lab
Hyseq, a "dry" biotech firm in the Silicon Valley known for its computer modeling in the field of genomics, is building a new 139,000-sf wet lab in a converted office building near the company's Sunnyvale headquarters. The facility will be used to develop drugs and conduct biological testing. Completioin is scheduled for mid-2002.