Congratulations to Innovasic Semiconductor on their recent signing of a new 15,000+/- square foot office/lab lease at Vista West Business Center, located in the heart of Albuquerque's North I-25 Corridor submarket!
An aggressive negotiating strategy was utilized to help Innovasic capitalize on, and realize market-driven concessions while structuring long-term flexibility for its rapidly changing hi-tech business model. The new premises will be delivered turnkey by the landlord, designed to accommodate the company's current and future growth plans.
The team of John Ransom, CCIM, SIOR and Tim With, CCIM, SIOR worked as transaction brokers with Keith N. Prettyjohns (Chief Executive Officer) and Christiane Bougen (Director of Finance) of Innovasic through the site selection, Request for Proposal (RFP), and lease negotiation processes. "We were very fortunate to work with the leadership team of one of Albuquerque's finest hi-tech companies and advise them on their space needs. It is exciting to see an Albuquerque-based company excelling in a very competitive global market.", said John Ransom.
Innovasic Semiconductor was founded in Albuquerque, NM in 1992 and has grown into a global supplier of electronic components, producing integrated circuits for customers with long product life-cycles including industrial, transportation, instrumentation, and medical applications.