Onyx, which makes software that automates the way companies manage relationships with customers and partners, is taking space no longer wanted by HomeGrocer.com Inc. The Kirkland-based online grocery delivery service backed out of its commitment after announcing it would be acquired by rival Webvan.
The added commitment is to ensure room for future growth. Onyx occupies about 100,000 square feet of office space at the Sunset North office complex, just north off Interstate 90 in Bellevue, and leases an additional 17,000 square feet of space at One Bellevue Center downtown on a short-term basis.
The company plans to retain all of its space at Sunset North, but will sublease part of its space at One Twelfth, perhaps three of its nine floors, for an undetermined length of time, according Allen Salmieri, Onyx's director of information services and facilities.
Onyx has about 600 employees worldwide, 350 in Bellevue. By the end of next year, the company expects to hire 700 more workers, including about 300 in Bellevue, Salmieri said.
The company's physical growth is tracking its revenue growth. For the second quarter ended June 30, Onyx generated $27.6 million in sales, up 108 percent from $13.3 million reported in the second quarter of 1999. Nevertheless, the young company experienced a net loss of $738,000, or 2 cents a share, for the quarter.
There is now just 10,000 square feet of space available at One Twelfth. Hines is asking $30 per square foot (annually) in rent for the space, with expenses estimated at $7.50 per square foot. Other tenants include Mulvanny Architects, Nortel Networks, Hacker Group and Foundation Bank. The Broderick Group represented both sides of the Onyx transaction.
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