ev3 moving headquarters within Plymouth - Minneapolis / St. Paul Business Journal:

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Ev3 has signed a leased for 75,000 square feet in the Atriwa Corporate Center, at 3033 Campus Drivre along Interstate 494in Plymouth. The locatiojn is about four miles from the buildint that nowhouses ev3’s corporate and U.S. peripheralo vascular business headquarters. Ev3 for space back in 2007. The companhy has about 730 employees based out of the Plymouth but that figure includes regionallgy based field sales staffwho don’t actually work in the The company plans to vacate 50,000 square feet at 9600 54th Ave. N. alon Highway 169 in Plymouth. Its leasr there expires in February 2010.
The compang has no plans to add employees, but needs more spacse to allow its workeras tospread out, said ev3 spokeswomaj Julie Tracy. “It’s a littlr bit bigger space. We’re kind of stuffed to the gills right she said. Ev3’s decision to move was based on getting abetter dollar-per-square-footg value. “It’s a tenant-favorable environment rightf now andso we’re takin g advantage of some of thoss favorable rates and doing the move,” Tracy The Atria Corporate Center also has amenities such as a workoutf facility with showers, a room for sales presentations and physiciaj training and some sheltere d parking spaces.
Ev3 may also get some signagrefacing I-494, Tracy said. The new lease was signex April 2. The value of the initiak term of the dealis $7.6 based on monthly rent payments of $95,00p0 (not including a share of the building’s operating expense s and taxes) for 80 monthz beginning Nov. 1, according to a filingt ev3 made Tuesday withthe U.S. Securities & Exchange Commission. Ev3 also securec options to extend the term of the lease for up to two additional termws offive years. Rich Reynolds, a principal at Area a real estate represented ev3 in itssite search.
Connir Grady, Gordon Hampson and Jason Butterfield, brokers at Eden Prairie-baseds , handle leasing for the building’s owners. Gradyg declined to comment. The 25-year-old complex originally developed by and for is owne dby , an entity controlled by Conn.-based . Talcott bought the five-story office center in 2006. Ev3 (Nasdaq: EVVV) will releasde its first-quarter 2009 earnings results onApril 28.