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TechSpace acquisition, continued ...Published: January 01, 2010

“These are volatile times in the office building business in almost all markets throughout the United States,” says James “Watty” Watson, CEO of TechSpace. “As office building rents continue to decline and building values follow correspondingly, occupants of office space are reluctant to make long-term lease commitments or acquire new office building product … TechSpace office buildings, which require a lesser-term commitment and no capital expenditures, have become much more desirous to office building occupants.”

Prior the the acquisition of the Westwood location, TechSpace acquired a new facility in Mathattan. The company is currently seeking to acquire additional office space in several other California and New York markets.

“I believe in the power of good design and great customer service to contribute to the success of virtually any company,” says David Agger, CEO of Nexspace. “Though my team and I will miss the day-to-day excitement of running Nexspace, as well as the long-lasting friendships with our clients, I know that both the facility and our clients … will be in great hands with TechSpace.”

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