Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
PNC Completes New Center
PNC Financial Services Group has completed the 161,000-sf second phase of construction at its new operations site, PNC Eastwick Center. The first 280,000-sf phase of construction was completed in January 1998.The compnay will relocate 600 employees from various offices to the new building. A total of 1,500 employees will work at the center.
SAP Expands North American Headquarters
SAP America Inc., in the midst of a $100 million, two-building construction project to serve as its North American headquarters, has purchased an additional 150 acres surrounding the campus. The software manufacturer completed its first three-story, 450,000-sf building in summer 1999, which houses approximately 1,000 employees. A start date for the second building has not yet been set, and it is uncertain how acquisition of the acreage will affect building plans.
ServerVault's Data Center Aims for DOD Approval
ServerVault, based in Springfield, Md., will invest $6 million to $8 million to transform an old machine shop in Dulles into the country's first DOD-compliant commercial data center. A tall fence surrounds the building, which has no windows and houses a composite metal vault impenetrable by magnetic or wireless signals. The facility will be inspected and tested by the DOD when it opens later in the year. ServerVault also plans to open a Dublin, Ireland, data center by year's end.
Nortel Expands in Santa Clara
Nortel Networks Corp., based in Toronto, Canada, has plans to expand its 837,000-sf seven-building campus in Santa Clara with two six-story towers. The added 636,000 sf could accommodate approximately 2,000 employees engaged in R&D of technology. Pending approval by the planning commission and the city in May, ground breaking could begin in late summer.
Echelon Builds New Headquarters
Echelon Corp., developer of communication equipment, plans to relocate its 175 employees from Palo Alto, Calif., to San Jose in a three-story, 75,000-sf build-to-suit headquarters designed by the San Francisco office of Washington-based Ai and Barry Swenson Builder. Pending approval from the City of San Jose, Swenson will begin construction by June 2000, with occupancy scheduled for July 2001.