News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source for business leads.
In this layoff/closure-heavy issue:
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Closures & Layoffs
Sprint Nextel Cutting 2,500 Jobs

Sprint Nextel Corp. plans to reduce labor costs in the fourth quarter, which the company predicts would save about $350 million annually.
The telecommunications giant expects to cut 2,000 to 2,500 jobs by year's end. Sprint said that the cuts would be companywide, including wholesale positions and outside labor.
Sprint has already closed 27 call centers, citing a drop in call volume. Sprint says the decrease is due to increased customer satisfaction over the past seven quarters.
According to a survey in May by the American Customer Satisfaction Index (ACSI), Sprint has seen a recent surge in customer satisfaction. However, the company still ranked below other wireless carriers like Verizon and AT&T. ACSI noted that Sprint's improved numbers might have resulted from dissatisfied customers leaving the plan for other carriers. The company has seen its stock decline steadily in the past two years, going from about $25 in 2007 to about $4 this year.
Sprint estimates that it could incur about $60 million to $80 million in severance costs over the fourth quarter.
Pfizer Reducing R&D Space After Wyeth Acquisition

Pfizer Inc. is significantly reducing its research and development operations, following the $68 billion acquisition of competitor Wyeth that made it the world's largest pharmaceutical company.
As part of a new R&D model, Pfizer plans to consolidate its primary operations into five sites in Cambridge, MA; Groton, CT; Pearl River, NY; La Jolla, CA; and Sandwich, U.K. Pfizer intends to run its BioTherapeutics, PharmaTherapeutics and Vaccines divisions out of these facilities. Additionally, some specialized research is to be handled at other sites.
Pfizer is reducing its R&D footprint in an effort to more efficiently make use of its real estate. Some functions in Collegeville, PA; Pearl River, NY; and St. Louis are to be moved to other locations. Pfizer also plans to completely discontinue operations in Princeton, NJ; Clinton County, NY; Sanford and Research Triangle Park, NC; and Gosport, Slough/Taplow, U.K. R&D operations in New London, CT, will be moved to the nearby facility in Groton.
The consolidation cuts Pfizer's R&D space by 35 percent, going from 20 facilities to five main hubs and nine specialized centers. Approximately 2,000 employees are expected to lose their jobs.
"In less than a month, we have made complex business decisions needed to combine these two R&D organizations thoughtfully yet quickly," said Martin Mackay, president, PharmaTherapeutics Research & Development.
Two of Pfizer's competitors, Johnson & Johnson and Eli Lilly, also recently announced
major staff reductions.
It's Game Over for 1,500 Electronic Arts Employees

Electronic Arts (EA) said Monday that it would close several facilities and lay off about 1,500 employees as part of a plan to narrow its product portfolio.
The layoffs, which make up about 16 to 17 percent of the video game maker's workforce, come about due to an overall decrease in sales. Despite wildly popular games like the best selling
Madden NFL 10 and
Rock Band, EA's second quarter revenue dropped to $788 million, as opposed to $894 million a year ago.
The game developer plans to complete the closures and job cuts by March 31, 2010, at the end of the fiscal year. The company also said it would likely cut some of its underperforming games. EA predicts savings of about $100 million annually as a result of the reductions. However, the company expects to incur $130 million to $150 million in restructuring charges.
"We are making tough calls to cut cost in targeted areas and investing more in our biggest games and digital businesses," said John Riccitiello, chief executive officer of EA.
The reductions coincide with EA's $275 million acquisition of Playfish Ltd., the developer of social network games on Facebook and MySpace.
A Bad Time for Time, Worse Time for AOL?

It's shaping up to be a rough year for Time Warner employees.
Time Inc., the magazine publishing arm of the media conglomerate, is laying off 280 New York employees between now and the end of January as part of a $100 million restructuring plan. But that might not be the end of it.
Before the official number was released, The New York Post was reporting that the magazine publisher might be cutting as many as 540 jobs by Thanksgiving. The actual number turned out to be smaller, but there has been some speculation that this round of layoffs is not the last one. Time Warner reported a 38 percent decrease in third-quarter profit, which includes an 18 percent drop to $914 million in publishing revenues. The company said the decrease was due to advertising sales falling 22 percent, as well as a 13 percent drop in subscriptions.
It's been even worse for AOL, which is soon to split off from Time Warner. The Internet company's third quarter revenues were down 23 percent to $777 million, due to a 29 percent drop in subscriptions and an 18% decrease in advertising revenues.
AOL cut 100 jobs this week, nationwide. But those cuts will likely pale in comparison to what's next for the embattled Internet provider. AOL CEO Tim Armstrong's new restructuring plan, due to take effect next month, could leave as many as 1,000 AOL workers jobless.
| Company | Address | Closure or Layoff | # Affected | Impact Date | | Sprint Nextel | Nationwide | layoffs | 2,000-2,500 | 12/31/2009 | | Pfizer | Worldwide
| layoffs and closures | 2,000 | 2010 | | Electronic Arts, Inc. | Nationwide | layoffs and closures | 1,500 | 3/31/2010 | | Time, Inc. | 1271 Avenue of the Americas, New York, NY | layoff | 280 | 11/2/2009 - 1/31/2010 | | AOL | Nationwide | layoff | 100 | immediately | | Adobe Systems, Inc. | Worldwide | layoff | 680 | 2010 | | Family Support Systems Unlimited | 2530 Grand Concourse, Bronx, NY | layoff | 92 | immediately | | Zip Realty Inc. | One Greenway Plaza,135 Pinelawn Road, Melville, NY | closure | 103 | 2/3/2010 | | Nortel Networks Inc.- Enterprise Services Business | 4000 Veterans Memorial Hwy, Bohemia, NY | layoff | 32 | 2/2/2010 | | Dri Mark Products, Inc. | 15 Harbor Park Dr, Port Washington, NY | layoff | 41 | 12/31/2009 - 3/31/2010 | | UPMC | 400 Holland Ave, Braddock, PA | closure | 654 | 1/31/2010 | | Shain/Shop-Bilt Inc. | 509 Hemlock St, Philipsburg, PA | closure | 34 | unknown | | Matthews International Corp. | 25 Chestnut St, Seneca Falls, NY | closure | 20 | 12/18/2009 - 4/2/2010 | | Siemens IT Solutions and Services | 1028 Morgan Hwy, Clark Summit, PA | closure | 64 | 12/26/2009 | | Flying J, Inc | 1501 Harrisburg Pike, Carlisle, PA | closure | 41 | 12/1/2009 | | Serco, Inc. | 405 Keystone Dr, Warrendale, PA | closure | 93 | unknown | | Stock Building Supply | Lincoln Hwy E, Paradise, PA | closure | 35 | 12/27/2009 | | Harsco Materials | 1002 S First Ave, Gate 9, Coatesville, PA | closure | 77 | 1/1/2010 | | Graphic Packaging | 102 W Superior S, Fort Wayne, IN | closure | 118 | 1/3/2010 - 6/30/2010 | | Workhorse Custom Chassis LLC | 940 S SR 32, Union City, IN | layoff | 90 | 1/4/2010 | | HMSHost Corp. | Grapevine Mills Mall, Grapevine, TX | layoff | 74 | 12/31/2009 | | ABB Inc. | 1206 Hatton Rd, Wichita Falls, TX | layoff | 172 | 12/31/2009 | | Nortel Networks Inc. | 2221 Lakeside Blvd, Richardson, TX | layoff | 56 | 1/3/2010 | | Unicare Life and Health Insurance | 3820 American Dr, Plano, TX | closure | 187 | 1/1/2010 | | Sun Microsystems, Inc. | 5300 Guarita Ct, Austin, TX
| layoff | 11 | 1/3/2010 | | Sun Microsystems, Inc. | 14785 Preston Rd, Dallas, TX | layoff | 11 | 1/3/2010 | | Sun Microsystems, Inc. | 3 Greenway Plz, Houston, TX | layoff | 4 | 1/3/2010 | | Sanford Business to Business | 2200 Foster Ave, Janesville, WI | closure | 140 | 1/8/2010 - 3/31/2010 | | Wick Building Systems, Inc. | 405 Walter Rd, Mazomanie, WI | closure | 352 | 1/8/2010 | | Wick Building Systems, Inc. | 2301 E 4th St, Marshfield, WI | closure | 142 | 1/8/2010 | | Alcan Packaging | 2103 Industrial Dr, Neenah, WI | layoff | 50 | 1/9/2010 | | Gardner Denver, Inc. | 3524 Washington Ave, Sheboygan, WI | closure | 64 | immediately | | Mount Bachelor Educational Center, Inc. | 33051 NE Ochoco Hwy, Prinevile, OR | closure | 70 | 11/11/2009 - 12/9/2009 |
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Expansions, Relocations & Extensions
Huawei Moves to Legacy Place II, Promises 600 Jobs

Huawei Technologies has signed a 103,331-square-foot lease at Legacy Place II in Plano, TX. The building will serve as the global communications company's new sales and marketing headquarters in North America.
The six-story, 150,000-square-foot office building at 5700 Tennyson Parkway was built in 1998, near the Legacy Town Center. Owner J.P. Morgan Asset Management recently completed $500,000 in common area improvements to the property. The new lease brings Legacy Place II to 75 percent occupancy.
Sandie Matejek, senior vice president of Jones Lang LaSalle, and Shannon Brown, vice president, represented J.P. Morgan. John Shaunfield, principal of Newmark Knight Frank, and Kyle Jett, transaction manager, represented Huawei.
Matejek said that J.P. Morgan signed Huawei to a long-term lease, in excess of five years. Rent was not disclosed, but asking rates in the building are $24 per square foot, according to CoStar information.
Huawei is moving 400 employees to Legacy Place II from two nearby offices at 2301 W. Plano Parkway in Plano and 1301 W. George Bush Turnpike in Richardson. The company expects to grow its staff to more than 600 workers by 2012. Huawei also said that its Plano research and development facility would not be affected.
The move is a significant expansion for Huawei, which currently occupies about 60,000 total square feet in its two local offices.
The city of Plano offered up a $700,000 incentive package to keep Huawei, which had reportedly been had been scouting other Dallas submarkets. "The City recognized that Huawei’s sales and marketing expansion could more than double their presence here and set the stage for much of the company’s future U.S. growth plans," said Plano Mayor Phil Dyer.
L-3 Communications Entering The GATE

L-3 Communications’ Command & Control Systems and Software (C2S2) is coming to The Government and Technology Enterprise (GATE), the new commercial business campus in Maryland's Aberdeen Proving Ground.
The defense contractor signed a lease for the three-story, 75,000-square-foot office building at 6280 Guardian Gateway, currently under construction and due to deliver in November of next year. Owner/developer St. John Properties Inc. is developing the building to achieve LEED Silver certification.
L-3 C2S2, based out of Marlton, NJ, plans to bring about 400 jobs to Aberdeen.
"These are exactly the type of jobs, filled by highly-educated and skilled workers, that will create a long-lasting ripple effect to the benefit of area businesses and retailers," said Harford County Executive David R. Craig.
The primary reason for the site selection was its proximity to the U.S. Army's Team C4ISR Center of Excellence, noted L-3 C2S2 President John Medea. "After considering other options, we concluded that the proximity of The Gate to our customer would enhance communications and interactions and would strengthen our partnership," he said.
Matthew Holbrook and Jerry Wit provided in-house representation for St. John Properties in lease negotiations.
The GATE is a 413-acre R&D/technology business park intended for government and private sector use. It is the only commercial development within the Aberdeen Proving Ground. The first phase of The GATE includes five office and R&D buildings, totaling more than 285,000 square feet.
St. John Properties expects The GATE project to grow to more than 2 million square feet of total development over the next 20 years.
The AIDS Action Committee signed a 27,000-square-foot lease at 71 Amory St. in Boston’s Roxbury/Dorchester submarket. The five-story, 108,302-square-foot office building was built in 1925 and renovated this month. The AIDS Action Committee will relocate its headquarters from 10 Milk St. to three floors at 71 Amory in February. Peter Bean and Christopher McMahon of GVA Thompson Hennessey & Partners represented the tenant. Terry Bruce of The Amory LLC was the in-house representative for the landlord. (By: Laura Criswell)
Ace Insurance has leased 19,019 square feet at the Exchange Place Centre in Jersey City. Ace is taking occupancy in first quarter 2010. Located at 10 Exchange Place, the 30-story, 697,000-square-foot office tower was built in 1988. Other major tenants in the building include The Connors Group, Checkfree Investment Services and Federal Farm Credit Banks Funding Corp. David Stifelman and David Dematteis of Cushman and Wakefield represented the landlord, while Martin Horner of Jones Lang LaSalle represented the tenant in this transaction. (By: Derrick Bogger)
Barr Associates, an independent manufacturer of precision thin film coatings and optical filters, renewed 47,780 square feet at 300 Potash Hill Road in Tyngsboro, MA, for an additional seven years. The 59,479-square-foot building was constructed in 1988 in the Groton/Townsend Industrial submarket near Boston. Mark Stevens, principal of The Stevens Group, represented the tenant. Franklin Equities, the landlord, was self-represented. (By: Jeffrey Wilson)
Beazley USA Services Inc., an insurance company, signed a 10-year lease for 17,337 square feet at 1270 Avenue of the Americas in Manhattan. The 31-story office tower totals 528,900 square feet. Located in Rockefeller Center, the building was constructed in 1931. Marcus Rayner, Ed Wartels and Jeff Baker of CresaPartners represented the tenant. Peter Brindley of Tishman Speyer represented the landlord, in house. (By: Andrew Sears)
BioClinica Inc., a provider of bio-imaging and data systems support for clinical trials, signed a nine-year lease for 36,143 square feet at Rittenhouse II in Norristown, PA. The 65,716-square-foot office building at 800 Adams Ave. is in the Valley Forge Corporate Center. The three-story building was built in 2008. O'Neill Properties Group, the landlord, was represented in-house by Timothy Dugas and Larry Doyle. The tenant was represented by Reid Blynn of Newmark Knight Frank Smith Mack, and Ward Greer of FirstService Williams. (By: Michael Nylund)
Clorox inked a 30,044-square-foot renewal and 15,022-square-foot office expansion at Brookside II in Alpharetta, GA. The five-story, 133,442-square-foot office building at 3655 Brookside Parkway is in the North Fulton/Forsyth County submarket. Brad Metzger with CRESA Partners in Chicago and Tom Tindall at CRESA in Atlanta represented Clorox. Wes Hardy represented Duke, in-house. (By: Laurie Forbes)
Global Exchange Services, a business-to-business e-commerce network firm, leased 83,737 square feet at The Summit at Washingtonian building in Gaithersburg, MD. Occupancy is scheduled for April. GXS will relocate its headquarters from 100 Edison Park Drive, a six-story, 341,692-square-foot office building in Gaithersburg owned by Santa Fe Hotel Inc. Washington Property Co. owns The Summit, an eight-story, 193,199-square-foot office building at 9711 Washingtonian Blvd. Art Greenberg, Paul Schweitzer and Adam Shindler of Studley Inc. represented the tenant. Marc Witowski was the in-house representative for the owner. (By: Laurie Forbes)
The Federal Republic of Germany leased 76,000 square feet of office space at 2300 M St. NW in Washington, DC, while its historic embassy property on Reservoir Road goes through a renovation expected to last three years. Aion Partners purchased the 122,797-square-foot office building in fall 2007. The nine-story property is now 84 percent occupied by tenants like Congressional Quarterly and HQ Global Workplaces, a member of The Regus Group, which recently inked a five-year lease extension for the 20,000 square feet of space it occupies on the eighth and ninth floors. Bruce Pascal and Mark Klug of CB Richard Ellis represented the embassy. Brian Murphy and Seth Benhard of CB Richard Ellis represented HQ Global. Zeke Dodson, Kerri Mulligan Salih and Jonathan Wellborn of Cassidy & Pinkard represented Aion. (By: Laurie Forbes)
First American Title Co. renewed its lease for 14,636 square feet at 1880 E. River Rd in Tucson, AZ, for five years. The 18,136-square-foot office building was built in 1985 in the Foothills submarket. It is part of the Cambric Corporate Center. Peter Casey of the Colton Co. represented the landlord. Rick Kleiner with PICOR Commercial Real Estate Services, a Cushman & Wakefield Alliance Member, and Michael Shellow of Cushman & Wakefield of California, represented the tenant. (By: Brett Wyatt)
K2 Trucking signed a six-year lease for 41,114 square feet at 10800-10900 Belmont Ave. in Franklin Park, IL. Tollway Business Center is a 587,383-square-foot building in close proximity to O'Hare International Airport and the city of Chicago. The property has tollway visibility and features 28 exterior loading docks. Larry Much, Larry Goldwasser and Jay Maher of NAI Hiffman represented building owner, New York-based KTR Capital Partners. Brian Carroll of Grubb & Ellis represented the tenant. (By: Emery Uwimana)
New Journey Recycling leased the industrial building at 2 Progress Road in South Brunswick, NJ. New Journey takes occupancy in January 2010. The 109,958-square-foot warehouse was built in1976 in the Exit 8A Industrial submarket. Joel Lubin of Jones Lang LaSalle represented New Journey Recycling. Melissa Camarata of F. Greek Development represented the landlord, in-house. (By: Brian Chase)
Nextend LLC, an aftermarket electronics recycler and remarketer of e-waste, signed a new lease deal at 11501 W. Irving Park Road in Franklin Park, IL. The 39-month, 88,060-square-foot deal will commence next month. The two-year-old building has direct access to O'Hare's south cargo gate. Tom Rodeno, David Bercu and Jonathan Kohn of Colliers Bennett & Kahnweiler were the listing brokers for O'Hare Distribution Center. Todd Heine with Avison Young represented Nextend. Scott Marshall represented landlord, Duke Realty, in-house. (By: Emery Uwimana)
Noble Americas signed a 33,645-square-foot lease at Four Stamford Plaza in Stamford, CT. The 15-story, 261,000-square-foot office building at 107 Elm St. was built in 1979. The building has recently undergone a multi-million dollar interior and exterior capital improvement project. Brett Sherman of Angel Commercial represented Noble Americas in the transaction. Margaret Carlson and Joseph Artusa, represented the landlord, RFR Realty, in-house. (By: Sharon Koutroumpis)
ProLogis has leased 55,000 square feet of industrial space at 26200 S.W. 95th Ave. in Wilsonville, OR, to Pinemeadow Golf. The company, which customizes golf clubs, is scheduled to take occupancy in January. The 130,000-square-foot warehouse was built in 1995 in the Wilsonville Corporate Center. Alex Vulic represented ProLogis, in-house. Craig Reinhart of CresaPartners represented the tenant. (By: Pamela Murray)
Qwest re-signed for 20,197 square feet at Brookside I, a five-story, 133,390-square-foot office building at 3625 Brookside Parkway in Alpharetta, GA. The nine-year-old, Energy Star-rated property is nearly 79 percent leased. Harrison Morris of Grubb & Ellis represented the communications firm. Wes Hardy represented the landlord, Duke, in-house. (By: Laurie Forbes)
Rehrig Pacific Co. signed a 66-month renewal agreement for its 50,400-square-foot industrial space at 7452 Presidents Drive in south Orlando. The pallet and crate manufacturer has been a tenant in the building for more than 10 years. The 100,800-square-foot warehouse was built in 1983 in the Southwest Orange County Industrial submarket. Erik Schwetje with CB Richard Ellis represented landlord, AMB Property Corp. in the deal. NAI Realvest professionals Robert Blackwell, Sean DuPree and Jim Murr negotiated on behalf of the tenant. (By: Brandi Pinkston)
Solution Depot, a financial services provider, signed a five-year lease for 51,883 square feet in the Skillman Office Tower at 9550 Skillman St. in Dallas. The five-story building totals 65,000 square feet. The property was completed in 1985, and sold to Skillman Investment Group in 2007, according to CoStar information. Deepak Jaisinghani of Skillman Investment Group provided in-house representation. (By: Carly Anderson)
Walsroder Packaging LLC renewed its lease with Morgan Realty Partners for 43,621 square feet at 7330 S. Madison St. in Willowbrook, IL. The sausage casing wholesaler and distributor has been in the building since 2002 and renewed for an additional 52 months. Bill Waliewski represented landlord Morgan Realty Partners in-house. Adam Haefner and Victor Deboer of Darwin Realty represented Walsroder. (By: Emery Uwimana)
Westinghouse Electric Co. has begun construction on its fourth building at its office campus in Cranberry Woods, PA. The three-story, 122,100-square-foot property is slated for completion in fall 2010, with a long-term lease to Westinghouse. It is expected to bring an additional 800 jobs to the area. Dan Adamski and Drew Saunders of Jones Lang LaSalle represented Westinghouse in these transactions. Ferchill in Cleveland is the owner/developer. (By: Jovon McDougal)
Lease Cancellations
Freedom Communications is rejecting several unexpired leases following its September bankruptcy filing. The Orange County-based media company has seen a slump in advertising revenue due to the economic downturn, as well as competition from internet-based alternatives to print media. Freedom has maintained that the production of its 90 daily and weekly publications and the operation of its eight TV stations would remain unchanged throughout the Chapter 11 process.
Finlay Enterprises, which filed for Chapter 11 in August, is rejecting several small leases. The fine jewelry retailer expanded its operations from 2005 to 2007, opening a number of stand-alone stores. Thereafter, Finlay has seen its finances take a tumble as hundreds of licensed department store jewelry departments were terminated and many host department stores went bankrupt. The rejected leases, which were originally entered into as part of the expansion, are considered to be an unnecessary expense for the company.
Express Energy Services Operating LP a Houston oilfield services company, filed for Chapter 11 on October 27. The reduction in oil and gas prices led to a 50 percent decline in U.S. land drilling over the past year. As a result, Express is rejecting a number of leases. The oil services company estimates that the aggregate monthly rent of the leases totals $90,000. Express said that it has sufficient liquidity to pay its 2,100 employees throughout the restructuring period.
| Company | Address | Affected Parties | Comment | | Freedom Communications | 32992 Calle Perfecto, San Juan Capistrano, CA | Turner San Juan, LLC | 24,400 SF | | Freedom Communications | 32992 Calle Perfecto, San Juan Capistrano, CA | S&S Engineering & RFP Enterprises Mgmt. | Sublease, 14,400 SF | | Freedom Communications | Ocean Palms Plaza II, 2600 Padre Blvd, Cameron County, TX | Ayla, Inc. | Suites J, K & L - 2,000 SF | | Freedom Communications | 4608 Opa-Locka Lane, Ste. 300, Destin, FL | S&V Ventures, LLC | 3,840 SF | | Finlay Enterprises, Inc. | Macon Mall, 3661 Eisenhower Pkwy, Macon, GA | Macon Mall, LLC | 1,402 SF, exp. 1/31/2012 | | Finlay Enterprises, Inc. | Summit Mall, 200 - 214 Summit Blvd, Birmingham, AL | Bayer Retail Co., LLC | Space never used; debtor incurring monthly charge of $14,445. | | Finlay Enterprises, Inc. | Mall at Green Hills, 2126 Abbott Martin Rd, Nashville, TN | Davis Street Land Co. of Tennessee, LLC | 2,425 SF, exp. 1/31/2012 | | Express Energy Services | Phoenix Tower, 3200 Southwest Fwy, Houston, TX | Phillips & Akers, PC (sublessors)
| Suite 3400 | | Express Energy Services | 2522 N US Hwy, Houston, TX | Wobbly World | Unknown | | Express Energy Services | 807 Cedar Ridge, Pittsburg, OK | Alan Martin | Unknown | | Express Energy Services | 7611 W Industrial, Midland, TX | ATNI | Unknown | | Express Energy Services | 7601 W Industrial, Midland, TX | ATNI | Unknown | | Express Energy Services | 3825 North Main, Cleburne, TX | Calloway Investments | Unknown | | Express Energy Services | 1305 W Washington, Krebs, OK | Demac Discount Builder Supply | Unknown | | Express Energy Services | 302 S 4th St, Lindsay, OK | Johnny White | Unknown | | Express Energy Services | 800 N Elk St, Elk City, OK | L.B. Herring & Elon Beth Herring | Unknown | | Express Energy Services | 4030 Oklahoma Ave, Woodward, OK | Larry Shelton | Unknown | | Express Energy Services | 1801 N Central, Hamlin, TX | MB Rentals | Unknown | | Express Energy Services | 2341 Industrial Dr, Sulpher, OK | McKennel Enterprises | Unknown | | |
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