Alcatel-Lucent inked a nearly 120,000-square-foot lease at the Atrium II, a two-tower office property in Dublin, OH. The communications technology company will move approximately 600 employees to the central Ohio development starting next month.
The firm currently houses its local information technology and testing operations at 6200 E. Broad St., a 1.39 million-square-foot industrial facility in Columbus.
The state was at risk of losing hundreds of jobs as the telecommunications equipment maker contemplated a relocation to office space
at company-owned facilities in Naperville, IL, New Jersey and Texas. In January, the Ohio Department of Development approved $10 million worth of tax credits redeemable over 10 years to help keep the jobs in the state.
“Choosing Dublin as its preferred location in central Ohio came down to the company finding the right building (Atrium II at 5475 Rings Road), at the right location with great access for its workforce and visitors, at the right price,” Colleen Gilger, Dublin's Economic Development Administrator, said in an earlier statement. “Lease rates are very competitive right now. This decision to narrow the company’s choice to Atrium II is reflective of the competitively priced Class A space that is available in Dublin.”
Built in 1997, Atrium II is one of two five-story buildings in a 291,445-square-foot complex owned and developed by Duke Realty Corp. Alcatel-Lucent will use the space for administrative and R&D purposes. On-site improvements will include a new 21,000-square-foot computer and equipment testing lab and loading dock on the north side of the North Tower.
"The City of Dublin is proud of the strong working relationship we have forged with Duke Realty,” said Gilger. "Through our partnership, we worked collaboratively to find creative solutions to retain Alcatel-Lucent to central Ohio.
Rick Nash with Equis negotiated for Alcatel-Lucent. Ben Struewing was the in-house representative for Duke Realty.