Sprint Boosts INFOMART Los Angeles
102,9510 square foot lease helps fill new facility

June 7, 2001 -- Sprint has signed a lease to house its Los Angeles E-Solutions Center in 102,951 square feet of space in the new INFOMART Los Angeles carrier hotel, the Dallas-based developer said this week.
The center is one of 18 Sprint is launching throughout the United States. In April the telecom company leased 100,000 square feet in the Metro Technology Center Atlanta for a similar facility.
The lease lifts INFOMART Los Angeles' occupancy rate to 57 percent, with a total of 251,461 square feet currently leased. Teleglobe and one other unnamed telecom are the other tenants in the building, according to INFOMART. The property is scheduled for occupancy in July.
"The Sprint agreement adds another world-class tenant to INFOMART Los Angeles," said INFOMART president Tom Jones. "In the 13 months since we announced our acquisition of the property, we have completed most of the retrofit on the property and have leased more than half of the space. We are on track to redevelop this facility into a key asset for Los Angeles.
"These first three residents of our community are well-known, financially stable companies whose presence will attract other telecom and technology firms," Jones added.
INFOMART has spent $60 million to purchase and convert the historic Terminal Annex building - formerly the primary postal facility for Los Angeles - into a 479,000 square foot technology center.
INFOMART operates six carrier hotel properties in Dallas, Los Angeles, Boston and Houston, totaling nearly 3 million square feet.