The California-based computer technology firm has signed a 10-year for 94,000 sf with an option to expand says David Burt, a spokesman for the firm. St. Paul's Housing and Redevelopment Authority recently approved a $775,000 loan to CSM Corp. to build the new $12 million building, which is located at 2400 Energy Park Drive. The loan comes out of the HRA's Loan Enterprise Fund and carries an interest rate of 6.5% that is forgivable after 10 years.
ST. PAUL-Secure Computing Corp. has agreed to move into a new 106,000-sf office building to be constructed by CSM Corp. on the southeast corner of the Minnesota 280 and Energy Park Drive interchange.
The California-based computer technology firm has signed a 10-year for 94,000 sf with an option to expand says a spokesman for the firm. St. Paul's Housing and Redevelopment Authority recently approved a $775,000 loan to CSM Corp. to build the new $12-million building, which is located at 2400 Energy Park Dr. The loan comes out of the HRA's Loan Enterprise Fund and carries an interest rate of 6.5% that is forgivable after 10 years.
The site currently houses the former headquarters of H.B. Fuller Corp., but the facility will be torn down to make way for Secure Computing's new building. The company will move from 73,000 sf of space in Roseville, the spokesman says. The company has outgrown that space and needs the additional 33,000 sf in part for a planned 193-employee increase at the nine-acre site. Demolition on the site will begin this summer, with the new building opening late in the spring of next year.
Formerly based in Roseville, the firm moved to Palo Alto, CA in 1998 to be part of Silicon Valley but has kept a strong presence here. Secure Computing has slightly less than 400 employees and total and posted revenues last year of more than $93 million. The company says it develops networks that offer secure connections between organizations and their customers, partners and employees.
The site currently houses the former headquarters of H.B. Fuller Corp., but the facility will be torn down to make way for Secure Computing's new building. The company will move from 73,000 sf of space in Roseville, Burt says. The company has outgrown that space and needs the additional 33,000 sf in part for a planned 193-employee increase at the nine-acre site. Demolition on the site will begin this summer, with the new building opening late in the spring of next year.
Formerly based in Roseville, MN, the firm moved to Palo Alto, CA in 1998 to be part of Silicon Valley but has kept a strong presence here. Secure Computing has slightly less than 400 employees total and posted revenues last year of more than $93 million. The company says it develops networks that offer secure connections between organizations and their customers, partners and employees.
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