ERICSSON LEASES 260,000 SF AT FORMER NORTEL CAMPUS

RICHARDSON — Ericsson, a provider of telecommunications equipment and related services, has signed two lease agreements for approximately 260,000 square feet to add to the 200,000 square feet it already occupies in the former Nortel campus at 2201-2221 Lakeside Blvd. in Richardson's Telecom corridor. Mike Wyatt and Ken Johnston of Cushman & Wakefield represented Ericsson, while Manny Ybarra represented Pillar Commercial, the landlord, internally. Ericsson now occupies 460,000 square feet of the two buildings' approximately 800,000 square feet. Pillar Commercial purchased the complex out of bankruptcy on June 3, 2011.