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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 245.91-0.9%Nov 7 9:30 AM EST

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From: Moonray9/5/2007 5:49:54 PM
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F5 leases in Bellevue, gives expansion update
bizjournals.com - Wednesday September 5, 12:09 pm ET

F5 Networks Inc. said it's leasing 15,000 square feet of office space in Bellevue's Factoria area to complement its expansion effort at its Elliott Avenue headquarters in Seattle.

F5 (NASDAQ: FFIV) said work should be completed on its new 137,000-square-foot building at 333 Elliott Ave. in June of next year. When it's done, the technology company will occupy about 300,000 square feet in four buildings on the waterfront.

The company also said it's leasing space in Factoria for a research and development facility and will occupy the building in fall of 2008. It also said it's tripling its space in Spokane, growing from an existing 15,000 square feet to about 43,000 square feet in January 2008.

F5 officials said the company's employee count in the last year has increased by more than 30 percent to 641 in the state and to 1,355 in the world.

Published September 5, 2007 by the Puget Sound Business Journal

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