CoStar Group - October 27, 2006
EDFUND, the nation's second largest provider of student loan guarantee services, preleased 170,000 square feet at two proposed Class A office buildings in the Mather Commerce Center in Rancho Cordova. Construction should begin early next year.
The project, which is scheduled for delivery in June 2008, will be developed by a joint venture of McCuen Properties and Fulcrum Property Co. EDFUND will relocate from 3300 Zinfandel Drive and 10834 International Drive, also in Rancho Cordova.
The relocation of EDFUND's headquarters within Rancho Cordova enables the company to meet its long-term space and technology requirements, and is estimated to save approximately $3.5 million in occupancy costs over the term of the lease, according to Studley, the commercial tenant advisory firm that represented EDFUND.
Senior Managing Director Eric Danielson of Studley in San Francisco and Executive Vice President Andrew Lechter in Studley's Atlanta office represented EDFUND. McCuen Properties and Fulcrum Property Co. were represented in-house.
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Friday, October 27, 2006
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