GMB in the News
The New York Times


Data Centers Offer Hope for St. Louis Office Market
By Robert Sharoff
Published: February 8, 2011

[excerpt] Ted Davies, the president of Unisys’s federal systems business, said two factors were important in the choice of St. Louis . The first is proximity to the Rural Development agency at the Agriculture Department, which has a sizable office in the city and is expected by Unisys to be one of the new center’s main customers.

The second concern was the cost comparison between St. Louis and Reston, Va., where Unisys’s federal systems division has its headquarters. “We looked at labor and real estate and found the arbitrage to be about 25 percent,” Mr. Davies said.

The new center opened in November and occupies about 10,000 square feet at 555 Washington Avenue, a five-story former department store building with an elaborate ornamented facade. The center will eventually have about 300 employees.

"We wanted a ‘cool’ building,” Mr. Davies said. “We are hiring a lot of younger folks, and they like the look and feel of being downtown.”

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