TEMPE, AZ-Limelight Networks Inc. has signed on to be the first office tenant in Tempe Gateway, an eight-story, 260,000-square-foot building recently purchased by Vulcan Real Estate. The company will occupy two full floors totaling 65,000 square feet of Class A office space that will serve as its global headquarters and house more than 200 employees.
Limelight Networks, which provides on-demand software, platform, and infrastructure services for businesses to reach and engage audiences online or on any mobile device, will move into its new space starting in first quarter 2011. The company has experienced significant growth in recent years with more than 600 worldwide employees today compared to about 250 total employees two years ago.
The new Tempe Gateway headquarters allows Limelight Networks to improve efficiency and by consolidating its existing Tempe office spaces into one primary location. It also offers the opportunity for the firm to grow and expand, along with a state-of-the art customer briefing center where it can showcase its products and services.
Vulcan Real Estate purchased Tempe Gateway in June 2010 for $35 million. The acquisition marked the Seattle-based company’s first investment outside of its home market. The company, which is the real estate investment arm of Microsoft co-founder Paul Allen’s Vulcan Inc., acquired the property from the lender.
Developed by Opus West and completed in 2009, Tempe Gateway was completely vacant when Vulcan acquired it. The building is located in the heart of downtown Tempe, a transit-oriented community characterized by a variety of housing, office and retail services. It offers an amenity-rich location with a light rail stop outside the project, situated next door to the Tempe Town Lake, surrounded by restaurants and shopping as well as in close proximity to Arizona State University.
Tempe Gateway features 30,000-square-foot floor plates and includes ground floor retail space surrounding the main lobby and a newly constructed parking structure with 1,035 spaces. It was designed and constructed as an environmentally-friendly development and is certified under the Green Globes rating program, an assessment and rating tool operated by the Green Building Initiative to evaluate and rate the energy and environmental design of buildings.
Jerry Roberts with CB Richard Ellis represented Vulcan Real Estate in the lease transaction, and Curtis Brown with Ross Brown Partners Inc. represented the tenant.
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