Telenor to Move HQ Into 260,000 SF Tower Building

ROCKVILLE, MD-Mobile communications company Telenor Satellite Services, the US arm of Norway’s Telenor Satellite Service AS, has decided to move its headquarters to a 38,000-sf space in the new environmentally friendly and high-technology driven Tower Building at the 200-acre Tower Oaks mixed-use campus. The terms of Telenor’s lease are not available, but space in the $35 million 260,000-sf tower at 1101 Wootton Parkway leases for an annual $32.50 to $34.00-per-sf.

Telenor’s move was prompted out of necessity. Formerly known as Comsat, the firm was purchased by Telenor from Lockheed Martin at the beginning of 2002, and the deal stipulated that Telenor could remain in the Lockheed-owned building on Rock Spring Drive in Bethesda for one year. In selecting the Tower Building for its new headquarters, Telenor took several factors to heart. “The overriding factor is it’s in very close proximity to where we are now, so we don’t disrupt our employee base,” Telenor’s Thomas Surface tells GlobeSt.com. “Also, we needed a location that met our needs for space in which to move comfortably and expand our business. And we wanted a location that mirrored our corporate headquarters in Norway in that it is modern, and technologically and environmentally efficient.”