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FICO Leases New Space and Relocates From Downtown to Roseville
Minneapolis, MN (August 6, 2012) — FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology including FICO scores, has completed an office lease for 93,440 square feet of space and will relocate and consolidate its corporate headquarters and staff from downtown Minneapolis and Arden Hills to suburban Roseville. Jones Lang LaSalle represented FICO in the transaction and all aspects of the comprehensive search for a new facility.
With this transaction FICO will consolidate two offices, including the corporate headquarters, into one location and benefit from better cross-functional teamwork and greater efficiencies associated with having all of its employees in one location. Between the two offices, FICO has approximately 370 employees.
FICO will be relocating to Rosedale Corporate Plaza, a four-story, 76,300-square-foot building that is part of a 200,000-square-foot, four-building complex located halfway between downtown Minneapolis and St. Paul. FICO will occupy space in Building C and A totaling 93,440 square feet
Brian Ginkel, Vice President, and Chris Rohrer, Executive Vice President, of the Jones Lang LaSalle office in Minneapolis represented FICO in the transaction. Tom Stella, Eric King and Rob Davis, all with Cushman & Wakefield/Northmarq, represented the landlord, Commonwealth REIT.
”After a thorough exploration of all options in the market, FICO chose a location that was equidistant between both locations, fit the needs of the business to succeed and grow, and was economically attractive.” said Ginkel.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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