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
Sun Microsytems Expands in San Francisco
Sun Microsystems has signed a lease for 525,000 sf at Wilson/Equity Office's Foundry Square in San Francisco. The Palo Alto, Calif., computer manufacturing giant may lease an additional building at the Foundry site for a total of 3 buildings and 855,000 sf. Although space function has yet to be determined, such expansion could house up to 4,000 employees. Approval for a fourth building at the Foundry is pending for builder Wilson.
Deltagen Expands In Menlo Park
Deltagen Inc. is expanding its leased space by 45,000-sf. in Menlo Park, for a total of 95,000-sf. Adjacent to Deltagen's existing headquarters, the $7 million project will house scientists studying gene models.
Genzyme Moves Headquarters to Kendall Square
Genzyme Corporation's new headquarters will be occupying 700,000-sf of Lyme Properties LLC's Kendall Square. The $400 million, 1.3 million-sf development also features a 75,000-sf performing arts and film center.
McKesson HBOC Moves on Pleasant Hill Complex
McKesson HBOC Inc. has moved to secure a maximum of available space at the new Station Oaks complex in Pleasant Hill, Calif. The San Francisco pharmaceutical giant could acquire the entire 195,000-sf facility near the Pleasant Hill Bart station. Station Oaks has just commenced construction.
Tivoli Develops Austin Campus
Software company Tivoli Systems Inc. broke ground on their new north Austin campus in November. The new facilities may grow to as much as 1 million-sf of space.