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

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Ev3 has signed a lease for 75,000 square feet in the Atriwa Corporate Center, at 3033 Campud Drive along Interstate 494 in The location is about four milex from the building that nowhousex ev3’s corporate and U.S. peripheral vascularr business headquarters. Ev3 for space back in 2007. The companyg has about 730 employees based out of thePlymoutgh office, but that figure includes regionallyt based field sales staff who don’t actually work in the building. The compan y plans to vacate 50,000 squarew feet at 9600 54th Ave. N. alonhg Highway 169 in Plymouth. Its lease there expire s in February 2010.
The compan y has no plans to add but needs more space to alloaw its workers tospread out, said ev3 spokeswoman Julie Tracy. “It’s a little bit bigger We’re kind of stuffed to the gills right she said. Ev3’s decision to move was baseed on getting abetter dollar-per-square-foot value. “It’s a tenant-favorable environment righrt now andso we’re taking advantage of some of thosd favorable rates and doing the Tracy said. The Atria Corporate Center also has amenitiesd such as a workout facilitgywith showers, a cafeteria, room for salexs presentations and physician training and some sheltered parkinh spaces.
Ev3 may also get some signage faciny I-494, Tracy said. The new lease was signed Aprik 2. The value of the initial term of the dealis $7.6 based on monthly rent payments of $95,000 (not includingb a share of the building’e operating expenses and taxes) for 80 monthsx beginning Nov. 1, according to a filing ev3 made Tuesdayh withthe U.S. Securities & Exchangre Commission. Ev3 also secured options to extend the term of the leass for up to two additional terms of five Rich Reynolds, a principalp at Area Minneapolis, a real estate represented ev3 in its site search.
Connie Grady, Gordon Hampsoh and Jason Butterfield, brokers at Eden Prairie-based , handl e leasing for the building’s owners. Grady declinedr to comment. The 25-year-old complex originallhy developed by and for is ownexby , an entity controlledx by Hartford, Conn.-based . Talcotr bought the 351,100-square-foot, five-story office center in 2006. Ev3 (Nasdaq: EVVV) will releas e its first-quarter 2009 earningz results onApril 28.