Industry News

Siemens Inc. has moved its Enterprise Network Division into 325,000 sf at San Jose's Skyport Plaza. The first phase of the 38-acre mixed use Skyport Plaza development consists of three eight-story buildings, two four-level parking garages providing approximately 1,760 parking spaces, a basketball court and pedestrian walkways. The second phase, a mirror of Phase I's commercial office and parking design, will progress as economic conditions improve.

The $503,000-million contract for FedEx's Greensboro hub was recently approved by the Piedmont Triad Airport Authority. Included on the project team is engineering firm Baker & Associates, based in Pittsburgh, Pa. with an office in Greensboro; ECS, a geo-technical company; and Regional Land Surveyors.

Endeavor Real Estate Group LLC is developing IBM's original Northwest Austin research site into The Domain, a 234-acre campus totalling over 2,000,000 sf. Purchased in December of 1999, plans for the campus included a conglomerate of office and retail facilities, manufacturing and distribution space, and possibly multi-family residential development. Located in an Austin high tech corridor, features such as high speed Internet access, telecommunication, enhanced utilities and redundant power make The Domain attractive to tenants.

Sabre Inc. is planning a 2,000,000-sf corporate campus on 175 acres in Southlake, Texas, slated for completion in 2008. Developed by Maguire Partners, the campus will require over $540 million in capital investment over the next ten years and will house 10,000 employees. The project is part of the Solana mixed-use development.

BioHouston Inc., a business incubator, is planning to build a $633-million biotechnology park on 64 acres in Houston. The lab and office park will facilitate life science research by bringing the medical, educational, and corporate communites together in a centralized location. Construction on the first building in the biotech park will be completed in late summer of 2002 by M.D. Anderson Cancer Center.