Magis has said iy is expanding due to an increase in staff and the need for additional meeting and lab space. Details about the transaction weren't immediately available.
``Magis has experienced phenomenal growth over the past several months,'' says Clarence Bruckner, CEO and founder. ``We quickly outgrew our original space and were fortunate to swiftly find suitable space to ensure continued smooth operations and comfortable space.''
The company last year leased a single floor of the building at 12651 High Bluff Drive. Now, it's taking over an entire three-story building. The first phase of tenant improvements is expected to be completed in the first week of September. All improvements will be completed by November 2001 enabling the company to fully expand into the much-needed space.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
