Industry News

Storage Technology, a global data storage firm operating as StorageTek, is relocating its regional office from Silver Spring into 25,000-sf at the Lyndwood Executive Center in Elkridge, Md. The Louisville, Colo.-based firm will relocate 135 employees for the company's public sector marketing business unit to the new facility by early 2003. The relocation is estimated to cost $2.5-million.

netVmg is relocating its headquarters from San Jose to 20,000-sf in Fremont. The building includes a manufacturing facility, engineering labs, a technical assistance center, a demo room, and a product testing lab to support the company’s growing production and sales requirements. netVmg develops intelligent route control software to optimize Internet connections for businesses.

The Memec Group of San Diego will relocate in March 2003 from 70,000- f in two Sorrento Mesa buildings to a five-story, 115,000-sf facility under construction in Del Mar Heights. The global semiconductor distributor will initially occupy 92,000-sf with an option to lease the remaining 23,000-sf within one to two years.

Provo, Utah-based Novell is consolidating with a move to 105,000 sf in Hobbs Brook Office Park in Waltham. Consolidating Cambridge and Billerica facilities from its July acquisition of SilverStream Software, the Waltham lease includes occupancy of the building's top floor and one lower floor for at least five years.

The University of California, Berkeley is planning to initiate construction on the Center for Information Technology Research in the Interest of Society (CITRIS) in the first quarter of 2003. The $60-million, 130,000-sf facility will be sited on the engineering portion of the campus.