Search
 

Merced Systems Moving HQ Across Street

REDWOOD CITY, CA-Currently headquartered in about 10,000 sf at 330 Twin Dolphin Dr., the provider of software for contact center performance management has leased 27,776 sf across the street at 333 Twin Dolphin Dr.

By Brian K. Miller | Updated on December 08, 2005

REDWOOD CITY, CA-Merced System is moving its headquarters across the street. Currently headquartered in about 10,000 sf at 330 Twin Dolphin Dr., the provider of software for contact center performance management has leased 27,776 sf across the street at 333 Twin Dolphin Dr.

Merced’s existing headquarters is owned by a group of investors who made their money working at Oracle. Its new space is owned, leased, and managed by Equity Office Properties Trust.

Merced’s broker, Jere Hench of Wayne Mascia Assoc. tells GlobeSt.com that Merced signed a five-year deal. He declined to reveal the negotiated lease rate. Other brokers familiar with the transaction tell GlobeSt.com that the market rate for class A space in Redwood Shores between $2.20 and $2.30 per sf per month on an effective full service basis, and that EOP probably attracted Merced by offering a better-than-market rate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.