The signing marks two milestones: a significant expansion for the firm's Texas operation and the second tenant for a 125,000-sf, three-story undertaking by CarrAmerica. DGI Technologies of Dallas has inked a 10-year pact for 30,000 sf in the 14-acre Custer Court that's due to deliver its first phase in September. The site is a joint venture development of CarrAmerica and Rosewood Property Co.
Advanced Fibre Communications, based in Petaluma, CA, has sealed a six-yearlease that provides space for a new regional facility. The firm has been working out of a smaller office in Plano, which is a sister operation to nine US sales offices and research and development sites in Buffalo Grove, IL, Largo, FL and Petaluma. The company also maintains offices in Australia, Canada, China, France, Hong Kong, Spain, Switzerland and the United Kingdom.
Founded in 1992, Advanced Fibre employs 950 people worldwide as an industry leader in design and manufacturing of broadband access solutions for local loops.
Bill Vanderstraaten, CarrAmerica's managing director for Dallas, told GlobeSt.com the latest signing puts the leasing team "ahead of schedule.
There's a lot of work to be done and lot of time to do it." CarrAmerica's first Telecom Corridor development is commanding rates of $22.50 to $23.50 per sf plus electric. Custer Court, which had broken ground for phase one in September 2000, has been designed by BOKA Powell of Dallas, with Hill and Wilkinson of Dallas acting as general contractor. SRA of Dallas is the landscape architect.
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