SYSTECH CORPORATION LEASES AT ONE TECHNOLOGY PLACE

by Dan Peoples | Feb 06, 2013

February 5, 2013

NEWS FROM:  Parallel Capital Partners, Inc.

FOR INFORMATION: Matt Root, Parallel Capital Partners, 858-882-9506
   Jim Ingebritsen, Parallel Capital Partners, 858-882-9504
   Dan Peoples, Peoples & Company, 858-552-1456
 
Parallel Capital Partners Signs Systech Corporation at One Technology Place

San Diego, Calif.  Parallel Capital Partners, Inc. has announced that Systech Corporation has signed a lease for 19,884 square feet at the project known as One Technology Place in Rancho Bernardo, California. The lease term is for 78 months and encompasses the entire free standing building located at 10908 Technology Place.

One Technology Place is located at 10905, 10907, 10908, 10911, 10915, 10918, 10919, 10929, 10939 and 10949 Technology Place in Rancho Bernardo, California. The 150,738-square-foot complex is set on 11.8 acres and was built in 1985.

Systech Corporation is an industry leader in the design and manufacture of distributed network conversion, access, gateway, server and switch products for enabling IP communications in existing, non-IP based systems and networks. Its innovative solutions are deployed in a broad range of worldwide markets spanning electronic transaction, point of sale, retail operations, and industrial and commercial facility management applications. Over 350,000 Systech distributed networking products facilitate mission critical applications worldwide. Additional information can be found at www.systech.com.

Systech was represented by Voit Commercial and Parallel Capital Partners was represented by Jones Lang LaSalle.

Parallel Capital Partners, Inc. (parallelcapitalpartners.com) is a private, fully-integrated real estate investment and operating company focused on acquiring value-added and core plus opportunities for our own account in the western United States and Hawaii.