Martin Morici, senior vice president at Colliers International in San Jose tells GlobeSt.com the company was searching for a key location near its employee base. "This move is significant for BayPackets because it moves the company closer to its employee base, which is mainly engineers," says Morici. "And because they are a young company the price break they received on the sublease deal helps them as well."
Morici and Cole Sweatt, also with Colliers International, represented BayPackets; Jay Phillips and Jeff Ramirez with Cornish & Carey represented the sublessor, Cardima. Founded in December 1999, BayPackets develops and markets mediation and application server platforms for service providers like AT&T, Lucent, Verizon, and Motorola.
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