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$4M Helps Settle Office Space Dispute

AUSTIN-National Instruments and Trilogy Software come to terms over a 136,000 sf in the Millennium Building in Austin's northwest submarket. The two firms have been locked in talks since Trilogy said it was walking away from the office space.

By Tim Green | Updated on October 18, 2002

AUSTIN-Two technology companies have settled a real estate dispute over the Millennium Building at 6300 Bridgepoint Parkway in Austin.

National Instruments Inc. disclosed Thursday in its quarterly financial report that it settled the dispute with Trilogy Software Inc. Specific terms were not divulged, but National Instruments said it gained $4 million from a consolidation of facilities and the resolution of the dispute.

Trilogy, a software company, had told National Instruments, which develops software and hardware for test and measurement, that it intended to walk away from its lease for 136,000 sf in the Millennium Building in the northwest submarket. Trilogy had claimed economic hardship. National Instruments had said Trilogy was in default on the terms of the lease. National Instruments is publicly traded and Trilogy is privately held.

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