"Advent's rapid growth provided a need for more space, which could be occupied very quickly," says Chris Perry of the Trammell Crow Co., who represented the plaza's newest tenant. He says the available space will need minimal retrofitting to be tailored to Advent's requirements. "Advent also liked the Northwest submarket because they believed it was conducive to recruiting new and talented employees in today's competitive labor market," adds Perry.

The year-old company is a developer of breakthrough technology for next-generation delivery of voice, data and video. Advent Networks has gained fiscal backing to resolve "last mile" bandwidth constraints. With its patent-pending platform, UltraBand, Advent says it will be able to deliver up to 40 mbps of dedicated bandwidth to homes and businesses. Talks are ongoing with advanced network operators and cable television companies to integrate the platform into their industries.

Great Hills Plaza, a 148,000-sf office structure, is situated at 9600 Great Hills Trail, just south of Jolleyville Road. Blue Cross/Blue Shield leads the tenant roster at the structure owned by CarrAmerica, which also controls leasing and management.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.