Industry News

Falls Church-based Capital One selected 28 acres in Tysons as the site for their new headquarters. Due to be completed in September of 2002, the 14-story building will house 800 people and consolidate five offices.

Biogen is preparing to occupy a $175 million, 250,000-sf manufacturing facility in Research Triangle Park. It is the Cambridge, Mass.-based biotech giant's second building in RTP and will house 75 additional employees. Biotech plans to eventually occupy a total of 5 buildings in the Triangle.

Santa Clara Valley Medical Center is consolidating its four San Jose service sites into a new 230,000-sf, $93.8 million facility. Due to open in 2005, the new facility will accommodate up to 200,000 patient visits yearly, and house the relocation of over 28 medical services. Demolition of an existing administration building on site will precede construction. An additional $21 million, 50,000-sf outpatient facility on the Santa Clara County Fairgrounds will replace the existing 10,500-sf building. It is scheduled to open in 2003.

The microelectronics division of Lucent Technologies Inc. has leased 62,000 sf in North Austin. Occupying a majority of the available 76,000 sf in Building 6 at Braker Center IV, the facility will provide space for projected growth and additional personnel in the network processors microelectronics group. Based in Murray Hill, N.J., Lucent's Austin space will include large hardware and software labs, a fitness center, game room, and a cafeteria.

A new 83,000-sf building in Plymouth Meeting will house the consolidated offices of Mellon Financial Corporation. Mellon will house many of its Montgomery County offices in 50,000 sf of the facility which is currently under construction by a Fox Cos. affiliate. Approximately 230 employees will be housed in the new building, named Mellon Gateway Center.