American Express Financial leased 4,125 sf on the first floor ofthe building, bringing occupancy to 57%. Intel leases the thirdfloor of the building. The entire second floor remains available,but listing brokers Kip Durrell and JJ Shephard of Pacific RealEstate Partners say that should chnage within the next 60 days orso.

The specifics of the American Express transaction were notreleased by the parties involved. The annualized triple-net askingrate for the space was $16 per sf, however, and net effectives arerunning at a 10% to 20% discount to asking rates when ownerconcessions (like free rent and above-standard tenant improvements)are figured into the deal. American Express was represented by RayAttisha of Trammell Crow.

"…We are obviously pleased that American Express chose ourlocation with so many choices in today's market," said Metzler'sManaging Director Jeff Taylor, adding that tenants in the buildingincluding American Express Financial work closely with Microsoftand its employees. "RidgePointe's proximity to their worldheadquarters is a real plus."