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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (3261)	4/13/1998 11:31:00 AM
From: Benny Baga	Respond to of 8545

CheckFree checks out Frigidaire site for relocation Brian R. Ball Business First CheckFree Corp. is preparing to consolidate its Columbus operations at Frigidaire Corp.'s Dublin facility, which is being vacated. Business First has learned Atlanta-based CheckFree, founded in Columbus, plans to sell its 85,000-square-foot office campus north of Worthington and move into the 160,000-square-foot Frigidaire facility. A CheckFree spokeswoman said the company had not signed a deal for new office space within Dublin's Perimeter Center development or anywhere else as of April 8. Dublin city officials declined comment on CheckFree's interest in moving. At its peak in 1996, the Frigidaire facility -- off of Avery Road -- employed 600. It now houses fewer than 100 workers. CheckFree also has about 600 Columbus workers, divided between the North Columbus office campus and leased space on Lakeview Plaza Boulevard. The company provides electronic data transfer services to the financial and banking industries, among others. CheckFree's apparent interest in the Frigidaire building and furnishings will help the Dublin real estate market. "It bodes well for Dublin because in the last 12 months there had been a lot of give-backs of leased office space," said Richard Schuen, Adena Realty Advisors' principal. CompuServe, Pharmacia and John Alden Life Insurance Co. have reduced or eliminated their Dublin operations while Cardinal Health Inc. is expected to move out of leased space within the Tuttle Crossing office park after it completes its new headquarters. At the same time, much of the new build-to-suit office development has gone to the Easton and New Albany Business Park. "To have 160,000 square feet absorbed is tremendous and validates Dublin and Perimeter Center as a corporate site," Schuen said. Backfilling CheckFree's current office campus, originally built as the headquarters for ChemLawn Corp., could prove more difficult. "It's a tougher building complex with several single-story 'pods,' " Schuen said. c 1998, Business First More Leading Stories