DHL Renews Lease at Corporate Headquarters.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Feb. 22, 1995--DHL Worldwide Express has renewed its lease at 333 Twin Dolphin Drive in Redwood Shores and will keep its U.S. headquarters at its current location. DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature , the world's largest international air express network, considered several options, including a relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. to San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Ultimately, the air express company "negotiated a deal at our current location that satisfied all our requirements," said Bill Smartt, DHL's senior vice president and chief financial officer. The new long-term deal involves extensions and options for up to 15 years on six floors amounting to approximately 133,000 square feet of space. The property is owned by Metropolitan Insurance and Annuity Co. DHL has occupied the building since it was constructed in 1983 and has taken on additional space over the years. DHL employs a staff a 440 people at the location. CB Commercial Inc. represented DHL in the negotiations. The property is managed by Paragon Group. -0- Note to Editors: DHL Worldwide Express is the world's largest and most experienced international air express network. DHL Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. , Inc., the network's U.S. company, is headquartered in Redwood City, Calif. DHL International has headquarters in Brussels, Belgium. CONTACT: DHL Worldwide Express, Redwood City Dean Christon, 415/802-4533 |
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