As published by the Collin County Business Press on June 27, 2011 - Aerial photograph of the sprawling Nortel campus in Richardson showing massive, empty parking lots on a Friday evening.

BY ROBERT FRANCISEditorPublished June 27, 2011

Ericsson more than doubles Richardson lease

The infrastructure, which was built for a technology company, as well as the light rail system and other amenities in the area, made the site attractive to Ericsson, Wyatt said.

The company also signed a new lease for the roughly 200,000 square feet of space it already had in the main tower.Currently, Ericsson houses approximately 1,100 employees at this location and will have the capacity for 1,400 additional people as it grows. Ericsson is based in Sweden and has over 90,000employees worldwide.

Telecommunications provider Ericsson has more than doubled its lease space in Richardson at the former Nortel campus.

Pillar Commercial announced June 27 that Ericsson has signed two lease agreements for about 260,000 square feet the company already occupies at 2201-2221 Lakeside Blvd. in Richardson. Ericsson will now have 460,000 of the two buildings’ total of about 800,000 square feet.

Pillar Commercial purchased the former Nortel campus out of bankruptcy on June 3 for $43.1 million.

Pillar Commercial was represented by Manny Ybarra, founder and principal, and Ericsson was represented by Mike Wyatt and Ken Johnston of Cushman & Wakefield, Inc.

“We are excited to follow up the recent news about our acquisition of this property with such a significant lease transaction,” said Ybarra, in a press release. “When we purchased this campus we believed it truly was one of the premier commercial properties in the region, and this commitment from Ericsson is a testament to that belief.”