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Microsoft Buys Its Own Windows

CHARLOTTE, NC-JLL's Atlanta office helps software giant turn from tenant to owner.

By Carl Cronan | Updated on June 19, 2008

CHARLOTTE, NC-The decision by Microsoft Corp. to buy two large office buildings, where the computer software giant has been a local tenant for nearly eight years, has more to do with committing to the community than real estate economics. Jones Lang LaSalle brokered the $66.2-million transaction this month that turned the tenants at 8050 and 8055 Microsoft Way into owners.

Talmadge Isbell, senior vice president of JLL’s Atlanta office, led a group of brokers from the firm’s Charlotte and Seattle offices in representing Microsoft in the acquisition. The Redmond, WA-based company has more than 1,000 technical support, sales and service staff at its 408,000-sf ArrowPoint complex.

“It signifies Microsoft’s commitment to the Charlotte market and Mecklenburg County, and allows for long-term, ongoing control of the asset,” Isbell tells GlobeSt.com. He notes that the company’s strong balance sheet, coupled with current market conditions for the sale of commercial property, creates optimum timing to buy the buildings.

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