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BlackBerry Parent Sets Growth Plan In Motion

IRVING, TX-Research In Motion keeps the deal under wraps for months while laying ground work for the US HQ office: 110,577 sf for starters and at least 20,000 sf more in options.

By Connie Gore | Updated on December 17, 2007

IRVING, TX-Timed to coincide with the office’s opening, Toronto-based Research In Motion has loosened the guard on a months-long secret to open its US headquarters in the Las Colinas Urban Center. The 10-year lease starts out with 110,577 sf of class A office space and includes an option for at least 20,000 sf more in Riverside Commons.

Research In Motion, BlackBerry’s parent, has jump-started training for its workforce at 5000 Riverside Dr., with the official office opening planned for next week. The lease, though, was signed in the second quarter, with rent and lease now in effect. “They wanted to play it close to their vest. Their wishes have been respectively honored,” Stephen H. Kanoff, EVP of Dallas-based Westmount Realty Capital LLC, tells GlobeSt.com.

Kanoff says the lease took six to eight months to nail down for the six-building, 455,000-sf complex, which Westmount bought in February 2006, completed roughly $3 million of upgrades and had on the market earlier this year. He says the new plan is hold and lease. “To land a big fish like this, it’s terrific,” he says. “It says a lot for the property.” Riverside Commons’ second-largest tenant is Reston, VA-based Sprint Nextel Corp.

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