SAN FRANCISCO-Bank of America Corp., International Business Machines, Corp. and Prudential Insurance Co. of America are allying themselves with web-based real estate firm NetStruxr and its SPACEdirect service. The three corporate giants, attempting to minimize the arduous process of leasing space for their offices and other facilities, are taking a minority ownership stake in the company in an exchange for a commitment to put $3 billion of annual real estate transactions through the new company’s web-based matching system.

Prior to joining forces with NetStruxr, the three companies had been exploring options for creating and online application that would serve the needs of corporate real estate buyers and sellers. However, the three companies decided to collaborate with NetStruxr to create the first tenant-led online tool that will act as a matchmaker for potential tenants and landlords.

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