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EdFund Inks 170,000-SF Relocation Lease

RANCHO CORDOVA, CA-The provider of student loan guarantee services agrees to move to Mather Commerce Center, a new office complex being developed here by McCuen Properties and Fulcrum Property Co.

By Brian K. Miller | Updated on October 26, 2006

RANCHO CORDOVA, CA-EdFund in 2008 will relocate its offices here to a new office complex being developed at Mather Field. The provider of student loan guarantee services has agreed to lease 170,000 sf at Mather Commerce Center, a two-building complex being developed by a joint venture of McCuen Properties and Fulcrum Property Co.

EdFund will vacate 175,000 sf in three buildings when it occupies its new space. EdFund president Sam Kipp says that staying in the company’s current locations in Rancho Cordova–3300 Zinfandel Dr. and 10834 International Dr.–”would have required costly and extensive changes to meet our long-term space and technology requirements.”

Studley senior managing director Eric Danielson, who represented EdFund in the transaction with colleague Andy Lechter, tells GlobeSt.com that due to inefficiencies with its current locations, EdFund also would have had to lease additional space in order to accommodate its current requirements.

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