Chicago-based marchFIRST currently leases 750,000 sf of space in San Francisco in five different buildings: 300 Montgomery St., 410 Townsend St., Two Harrison St., 651 Brannan St. and 255 California. Mike McCarthy, a broker at San Francisco's Colliers International, tells GlobeSt that marchFIRST is looking to sublease 170,000 sf at 875 Howard St., but declined to speak about the other locations. Company officials with marchFIRST did not return phone calls today for more detail. Last week, they declined to discuss the fate of their various locations.

As part of its 2001 business plan, announced along with the cutting of expenses, marchFIRST says it will lay off an additional 550 people and ``dramatically'' cut discretionary spending until it reaches positive operating cash flow. The company employs 750 workers in the San Francisco offices. At the beginning of this year, the company laid off an undisclosed number of workers and in November, 1,000 employees lost their job.

Last week's lease termination at Catellus' 303-acre Mission Bay development was a "mutual agreement" between company officials, says Catellus. The Internet firm signed the 12-year lease in November. Last month, GlobeSt reported that marchFIRST terminated its 15-year lease for 280,000 sf at its New York City office on South Park Avenue.