http://southflorida.bizjournals.com/southflorida/stories/2010/01/04/daily10.html?ana=yfcpc  Tuesday, January 5, 2010, 10:00am EST Media company to move HQ to Boca RatonSouth Florida Business JournalMediaNet Group Technologies said it will relocate its headquarters to Boca Raton on Feb. 1. The Berlin-based media company said it is relocating senior management and other key employees from Germany, while creating several new jobs. It expects to employ 25 people at the new office, including the 10 employees from its BSP Rewards division currently located in Margate. The relocation follows the completion of a merger between MediaNet (OTCBB: MEDG) and the DubLi Cos., which runs the DubLi.com online retail auction portal. In a news release, MediaNet said it leased about 11,000 square feet in Boca Raton, which will be used as a global training center. About 30 employees will remain in Berlin for European operations. MediaNet President and CEO Michael Hansen said the East Coast of the U.S. made the most sense as a location for the merged companies. He said the Florida location provides “easy access” for business associates in the U.S. and Europe. “We are excited about growing our operations in the United States as inroads into the market have proven very successful,” Hansen said in the news release. BSP Rewards is described as an affordable “customer relationship marketing program” and “communications solution” using an Internet rewards mall platform and applications, including the BSP Rewards Mall. MediaNet shares were up 3 cents to 61 cents in morning trading. The 52-week high was $1.01 on Dec. 19. The 52-week low was 3 cents on June 5. |
Showing posts with label Florida Lease. Show all posts
Showing posts with label Florida Lease. Show all posts
Wednesday, January 6, 2010
DubLi Corp.: Media company to move HQ to Boca Raton
Wednesday, December 30, 2009
DubLi Corp.: “Lease Details For New Boca Raton Office” (Form 8-K)
We’ve heard a lot of info about the new office, but this makes it official. More details coming soon …
http://biz.yahoo.com/e/091228/medg.ob8-k.html
Form 8-K for MEDIANET GROUP TECHNOLOGIES INC
28-Dec-2009
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Definitive Agreement On December 21, 2009, the Company entered into a lease for premises at Boca Center, Boca Raton, Florida 33486. The lease commences on February 1, 2010, and terminates on January 31, 2020, with an option to renew for an additional five-year term. The leased premises are 10,476 square feet. During the initial term of the lease the rental is as follows:
The first six months of the lease rental is abated and the second six months is $25 per square foot. The lease term for the second year through the tenth years are as follows: second year, $25.75/sf; third year, $26.52/sf; fourth year, $27.32/sf; fifth year, $28.14/sf; sixth year, first three months abated; second six months, $28.98 /sf; seventh year, $29.85/sf; eighth year, $30.75/sf; ninth year, $31.67/sf, and tenth year, $32.62/sf. The furniture is included in the lease and becomes the property of the Company at the end of the lease term.
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The first six months of the lease rental is abated and the second six months is $25 per square foot. The lease term for the second year through the tenth years are as follows: second year, $25.75/sf; third year, $26.52/sf; fourth year, $27.32/sf; fifth year, $28.14/sf; sixth year, first three months abated; second six months, $28.98 /sf; seventh year, $29.85/sf; eighth year, $30.75/sf; ninth year, $31.67/sf, and tenth year, $32.62/sf. The furniture is included in the lease and becomes the property of the Company at the end of the lease term.
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