Qualcomm to Expand Operations at Brier Creek
- Sep 06, 2012
San Diego-based Qualcomm is expanding its operations at Brier Creek Corporate Center in west Raleigh with the lease of 40,672 square feet of office space. John Daly and Jason High of CBRE-Raleigh represented the company in the negotiations.
The Triangle Business Journal reports that Qualcomm had been pursuing the deal for several months and needed a bankruptcy court’s approval to finalize the lease contract.
In March, Charlotte-based developer American Asset Corp. filed for Chapter 11 bankruptcy protection for several of its affiliate companies that own buildings and land in Brier Creek, Cary and Charlotte. The Brier Creek Corporate Center buildings at 8081 Arco Corporate Drive and 8045 Arco Corporate Drive were among the properties included in the filling.
Qualcomm provides integrated wireless systems for the mobile phone industry. The company already owns a 133,000-square-foot office building in Brier Creek Corporate Center where it employs approximately 465 workers, according to the Triangle Business Journal. Qualcomm’s expansion will accommodate another 140 employees in the Brier Creek Corporate Center VI building, bringing the facility to full occupancy.
In other news, O2 Fitness Clubs owner Michael Olander Jr. has acquired a two-story office building at 135 E. Martin St. in downtown Raleigh for $2.2 million.
The Triangle Business Journal reports that Olander purchased the property through Moma Martin LLC and was represented by Ty Thomas of Lincoln Harris. The seller was Mark Enyedi with Martin Street Development Group LLC, which was represented by Lee Clyburn of the Grubb & Ellis/Thomas Linderman Graham real estate firm in Raleigh.
The 11,946 square-foot building dates back to 1910 and was renovated in 2002. It is located across from Moore Square at the corner of South Blount Street and includes RATIO Architects Inc., ENG Engineering and ENG Solutions among its tenants.
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