REDBACK NETWORKS SIGNS 320,000-SQUARE-FOOT LEASE

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SAN JOSE, CALIF. — Redback Networks, an Ericsson company, has signed a lease for 320,000 square feet of space at Corporate Technology Center in San Jose. The new lease doubles the company’s current holdings in San Jose and will be the R&D center for most of Ericsson’s fixed and mobile Internet infrastructure. Under the new lease, the company will occupy 100 Headquarters Way, 200 Holger Way, 250 Holger Way and 300 Holger Way. The buildings will primarily house Redback employees and a number of employees from Ericsson’s other acquisitions in Silicon Valley, including Entrisphere and Tandberg TV. Jeffrey Rodgers and Jeffrey Ramirez of Cornish & Carey’s Santa Clara, Calif., office represented Redback; The Staubach Company represented Ericsson; and the landlord, CarrAmerica, was self-represented in the transaction.

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