The transaction is one of the largest office deals this year.
Siebel calls itself the world's leading provider of eBusiness application software. The eight-year-old firm has 8,000 employees in 136 offices in 34 countries. The company posted a profit last year of $221 million on sales of $1.79 billion, a one-year sales growth of 127%, according to the company's Web site.
GlobeSt.com couldn't reach Siebel or Pope & Land at publication deadline to learn leasing details. But area brokers familiar with the transaction and the submarket tell GlobeSt.com on condition of anonymity the lease is for at least 10 years with an aggregate value of $43 million or about $22 per sf.
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