IRVING, Texas, Nov 4, 1999 (BUSINESS WIRE) -- Nokia (NYSE:NOK), the
world's largest manufacturer of mobile phones and a leader in the
engineering and manufacturing of communications infrastructure
equipment, today announced a 225,000 square foot addition to the
company's campus in The Commons of Las Colinas.
The new seven-story building, set for completion by December 2000,
represents the fourth facility on the campus and brings the total
occupancy of office and research space to 897,000 square feet. It is
being developed by CarrAmerica.
Set between the two latest additions on the Nokia property, the
building will be known as Nokia Building Two. It joins Nokia Building
One, a nine-story, 224,000 square foot building which occupies the
southeast corner of State Highways 114 and 161 in Irving, and Nokia
Building Three, a six-story, 155,000 square foot building. In addition
to the three newest buildings, the campus includes Nokia Building Four,
a four-story, 293,000 square foot building that served as the initial
home of Nokia's operations in the Americas.
"Our long-range plans for our headquarters campus included an
aggressive growth posture, and the new building reflects that," said
Kari-Pekka Wilska, President, Nokia Inc.
Wilska said Nokia's top priority is to provide a high quality work
environment for Nokia employees at a pace that matches the company's
rapid growth. "This additional building will assure that for some time
to come," he said.
The architectural firm of Good Fulton & Farrell, Inc. is architect of
record for Nokia and CarrAmerica. Cushman & Wakefield of Texas, Inc.
provides real estate services to Nokia, including all related
development negotiations for this project.
About Nokia
Nokia is paving the way to the mobile information society with its
innovative products and solutions. Nokia is the leading mobile phone
supplier and a leading supplier of mobile, fixed and IP networks
including related services. It also supplies multimedia terminals and
computer displays. In 1998, net sales totalled EUR 13.3 billion (USD
15.7 billion). Headquartered in Finland, Nokia is listed on the New
York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock
exchanges and employs more than 53 000 people.
About CarrAmerica
CarrAmerica owns, develops and operates office properties in 14
markets throughout the United States. The Company is committed to
becoming America's leading office workplace company by meeting the
rapidly changing needs of its customers with superior service, a large
portfolio of quality office properties, extraordinary development
capabilities and land positions and, through HQ Global Workplaces and
certain other affiliates, the availability of executive suites.
Currently, CarrAmerica and its subsidiaries own a controlling interest
in a portfolio of approximately 258 operating office properties and
have 28 office buildings under construction in 11 key growth markets.
CarrAmerica's markets include Atlanta, Austin, Chicago, Dallas, Denver,
Los Angeles/Orange County, Phoenix, Portland, Salt Lake City, San
Diego, San Francisco Bay Area, Seattle, South Florida and metropolitan
Washington, D.C. For additional information on CarrAmerica, including
space availability, visit our Web site at www.caramerica.com.
About Cushman & Wakefield
Cushman & Wakefield is the preeminent international real estate
services firm. In 1997, the company was responsible for assignments
representing an aggregate value of $16 billion. Cushman & Wakefield
manages over 200 million square feet throughout the world. Cushman &
Wakefield either dominates or is a market leader in all its businesses,
including office and industrial brokerage, financial services, advisory
services, asset services, corporate services, valuation advisory
services and research services. Founded in 1917, Cushman & Wakefield
has 5,500 employees in 45 U.S. offices and operates through Cushman &
Wakefield Worldwide in Asia, Canada, Europe, Mexico, the Middle East,
South Africa and South America.
About Good Fulton & Farrell
Good Fulton & Farrell is a 60-person architectural firm specializing
in architectural, planning and interior design services. Originally
founded in Dallas in 1982, the firm is currently working on projects
throughout the United States, Mexico and South America. Good Fulton &
Farrell has received over 30 design awards from a variety of
organizations. In addition to the Nokia work, other projects include
Southern Methodist University's Centennial Master Plan, the Dallas
Public Library Oaklawn branch and the Dallas Sports Arena District
Master Plan.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Nokia Corporate Communications
Celso Martinez/Alison Trimble, 972/894-4573
WEB PAGE: businesswire.com
GEOGRAPHY: TEXAS
INDUSTRY CODE: COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
INTERNET
REAL
ESTATE
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