EMC has grown steadily in Utah over the last 5 years. Most of the physical facilities required to accommodate this growth have been acquired on a just-in-time basis. The current commercial real estate market in Utah is unique in that space is quite available in a variety of options (size, length of term, ownership model, etc.). Our first phase of the expansion started based out of an existing office in Pleasant Grove (PG). We were looking for a 10-year lease on ~30,000 sqft that would also have adjacent expansion capacity, but we were able to start hiring and training people immediately in PG.
We found the perfect place for our intermediate growth at 11747 Lone Peak Parkway in Draper. We moved into Suite 200 (33,000 sqft) at the end of 2011 and then expanded into Suite 300 about a year later. Last year we completed our occupancy of the entire building as we moved into Suite 100. This allowed us to begin our consolidation of smaller, higher cost locations in downtown Salt Lake City and Park City. As a bonus, we were able to recycle a lot of the furniture and equipment from those locations when we built out Suite 100 in Draper.
The leased facility in Draper hasn't been sufficient for our short-term growth and consolidation needs, however. We were fortunate to find a short-term lease on space in nearby Sandy while we looked for the right long-term option. It didn't take long for us to find and purchase a 12-acre parcel in the new Vista Station development in Draper. I am very excited about this location, mainly because it is adjacent to the UTA Frontrunner Draper station which is about as close to the mid-point of the Silicon Slopes as you can get. We'll be able to draw on the full population of Salt Lake County as well as Utah County with minimal commuting complexity. Our participation in and subsidy of UTA's EcoPass for our employees further sweetens the deal. We'll be neighbors with eBay, Thumbtack, Jet.com, SolarCity and other cool tech companies. Our first building with 100,000 sqft will be done this Summer.
Once the new Vista Station building is complete we'll be able to continue our consolidation of the various EMC offices in the area. Specifically, the PG and Sandy offices will close and we'll move everyone to one of the two Draper buildings (i.e., the leased facility on Lone Peak Parkway or the EMC-owned facility on Frontrunner Boulevard). Here are a few other details about the new building:
- LEED certified
- Amenities include fitness center, cafeteria, and game room
- Infrastructure includes backup power (UPS & generator), high-capacity SONET ring network, and hands-on lab space
- Global command center for our Cloud Operations (Virtustream) teams
- Customer briefing center
|Exterior view as of this past weekend|