Informatics Will Occupy Its New Office in Woodland Hills Despite Acquisition
The headquarters of Informatics General Corp. has been moved to Dallas, but the company will occupy part of a new Woodland Hills building after all.
Informatics has a 15-year, $12-million lease for the top floor of an office building at 21900 Burbank Blvd. The building, which has three stories and 90,000 square feet, was to be Informatics’ headquarters. But the company said in July that, in the wake of its acquisition by Dallas-based Sterling Software, it would not need the space.
The lease is “ironclad,†said landlord Jack Spound. Office space is difficult to sublet in the Warner Center area, which has considerable vacant space on the market. Informatics is moving its approximately 115 remaining San Fernando Valley employees from their Canoga Park offices into the newly completed space, Sterling spokesman Raymond Hannon said.
No moving date has been set, Hannon said. He said that it isn’t clear yet whether Informatics will take the entire 30,000-square-foot floor space or sublet part of it.
Sterling agreed to buy Informatics in June for $27 a share in a deal that cost Sterling about $140 million.
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