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palmOne is moving

Fri Jan 7, 2005 - 2:33 AM EST - By Marcus Adolfsson

palmOne has entered into a sublease agreement for its future corporate headquarters in Sunnyvale, Calif. Under terms of the agreement with Philips Electronics, palmOne will sublease approximately 288,000 square feet of space located at 950 and 1000 West Maude Avenue.

The Philips campus consists of two four-story Class A office buildings and 2 two-level parking structures constructed on an 18.76 acre site, located in Sunnyvale, California, near State Highways 101 and 237. A total of 864 on-site parking spaces are provided.

The company expects to move to the Sunnyvale property in mid-2005, around the same time its current Milpitas lease is set to expire. The Sunnyvale sublease has a term of approximately 6 years.

We don't know the reason for the move, althought palmOne will now be very close to palmSoure's headquarters.

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