CombiMatrix Corporation Signs 85,000 Square Foot Lease At WiredZone's New Harbour Pointe Tech Center; WiredZone Portfolio Provides Unique Service To Tech-Savvy Tenants.Business/Technology Editors MUKILTEO, Wash.--(BUSINESS WIRE)--Nov. 1, 2000 WiredZone announced this week the signing of its first tenant, CombiMatrix Corporation, at the Harbour Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] Tech Center in Mukilteo, Wash. CombiMatrix, a biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. company, signed an eight-year lease for approximately 85,000 square feet in the Mukilteo building. The space will house CombiMatrix's corporate headquarters and approximately 200 employees, as well as its research, laboratory and manufacturing areas. CombiMatrix is relocating and expanding from Snoqualmie, Wash. Harbour Pointe Tech Center recently became a WiredZone property establishing its presence in the flourishing Seattle area technology market. WiredZone caters to bandwidth-intensive, high-tech, and telecommunication tenants. Harbour Pointe, a Class A structure, is comprised of approximately 350,000 square feet, and is located in Mukilteo, a city in the rapidly growing Technology Corridor north of Seattle. "With Harbour Pointe, we were eager to meet the needs of CombiMatrix, in particular their unique need for both fiber connectivity and laboratory space," said Jud Pankey, WiredZone president. "Harbour Pointe's unique combination of space and connectivity fits CombiMatrix's requirements for the production of custom-designed micro arrays and their Internet distribution model." Harbour Pointe is the largest block of high-bandwidth Class A office space available in the Seattle area, and showcases a state-of-the-art infrastructure designed to meet the needs of high-tech tenants. WiredZone customizes its properties by providing 24/7 operating hours, security, conference centers, plug-n-go offices suites and food service to its building population, which is geared toward the fast-paced technology industry and its discriminating dis·crim·i·nat·ing adj. 1. a. Able to recognize or draw fine distinctions; perceptive. b. Showing careful judgment or fine taste: employees. "This new facility is perfect for our needs," said Patrick Quarles, CombiMatrix president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We are thrilled to be moving our corporate headquarters to WiredZone's Harbour Pointe Tech Center. The speed in which this transaction was completed is truly amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. considering the complexity of our needs." Harbour Pointe is currently upgrading its electrical capacity Noun 1. electrical capacity - an electrical phenomenon whereby an electric charge is stored capacitance, capacity electrical phenomenon - a physical phenomenon involving electricity to 13 megawatts, and provides backup generator pads. Twenty-five foot clear heights are available on the first floor, and 14-foot 6-inch clear heights are available on the second to fourth floors. In addition the facility offers floor-loading capacities of up to 300 pounds per square foot. Colliers International heads the leasing and management team for the property, with Gregg Riva and David Rothrock leading the leasing team. About CombiMatrix Founded in 1995, CombiMatrix develops research tools for the pharmaceutical and biotechnology industries. Together with its novel biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of array processor system, CombiMatrix has leveraged the power of bioinformatics and the speed of the Internet to transform the process of generating, analyzing and managing complex biological information. This platform technology integrates electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies. e·lec·tro·chem·i·cal adj. and semiconductor technologies to enable biological applications such as genomics and proteomics. CombiMatrix is majority-owned by Acacia acacia (əkā`shə), any plant of the large leguminous genus Acacia, often thorny shrubs and trees of the family Leguminosae (pulse family). Research Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACRI), a developer and operator of technology and Internet companies. About WiredZone WiredZone is a network of technology centers designed to meet the unique needs of bandwidth-intensive operations. WiredZone buildings re-create the traditional workplace and form it into a net-centric community where people, machines and bandwidth are virtually connected. The real estate portfolio comprises 6 million square feet of WiredZone space in Dallas, Houston, Jersey City, Seattle, and Tulsa. Additions to the portfolio soon will be announced in four major U.S. markets. WiredZone Holdings is a real estate operating company operating company A business that engages in transactions with outsiders. capitalized by Apollo Real Estate Advisors, L.P. and Prescott Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Group. Founded in 1993, Apollo Real Estate Advisors, L.P., manages four private equity funds investing in real estate and real estate operating companies for institutional and pension investors. Over the past seven years, these funds have been capitalized with more than $3 billion in equity. Apollo Real Estate Investment Fund IV, L.P. is capitalized with approximately $1.1 billion in equity. The WiredZone name and logo are service marks of Prescott Realty Group. |
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