& cplSiteName &

Nortel Sells Out in Dallas

Craig Matsumoto
News Analysis
Craig Matsumoto
5/25/2011
50%
50%

The Nortel story is finally winding down, isn't it? The patents sale is schedule for June 20 and will be the company's last big transaction.

And now Nortel's campus in Richardson, Texas, has been sold for $43 million, as reported in Dallas's D magazine.

Nortel doesn't get any of that; the campus was placed in the hands of creditors earlier.



Buildings like this are icons, even more so when the company is gone and the logo still towers over the freeway. I presume the building has been empty all this time; the buyer, Pillar Commercial, has eyes on putting a new Fortune 500 tenant in there.

It would be interesting to see which is the last Nortel-logoed building standing. Does Nortel still have properties in Ottawa? I can't recall.

— Craig Matsumoto, West Coast Editor, Light Reading

(16)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 2   >   >>
Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:04:17 PM
re: Nortel Sells Out in Dallas


Around Santa Clara, I think the last of the ex-Nortel spaces got leased out a long time ago. I remember we posted Nick Lippis's photo of the ex-ex-SynOptics building getting changed to Avaya.


http://www.lightreading.com/blog.asp?doc_id=186999


During the bubble, Nortel expanded to some other leased offices right near Intel, IIRC. I don't think those lasted long.

Grizzly709
50%
50%
Grizzly709,
User Rank: Light Beer
12/5/2012 | 5:04:17 PM
re: Nortel Sells Out in Dallas


Federal Government of Canada already owns the last large campus in Ottawa.  A pity....

Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:04:15 PM
re: Nortel Sells Out in Dallas


> Federal Government of Canada already owns the last large campus in Ottawa.  A pity....


Ah, that is a pity. Seems like an unglorious end.


Then again, are campuses in vogue for companies these days? Forget Google. I mean regular companies.  I seem to remember a point in the '90s where anybody building a campus was doomed. It was a lot like stadium-naming rights.


Michelle Donegan
50%
50%
Michelle Donegan,
User Rank: Light Beer
12/5/2012 | 5:04:15 PM
re: Nortel Sells Out in Dallas


I saw a Nortel-logoed building when I was in Frankfurt recently, but I don't know what was or is still there.

jeffreyrobertson
50%
50%
jeffreyrobertson,
User Rank: Light Beer
12/5/2012 | 5:04:13 PM
re: Nortel Sells Out in Dallas


But it still has a Nortel logo, next to all the other logos (Ciena, Ericsson, Avaya) and (I believe) still some Nortel staff doing "transition support" for the other guys.

moon_shot
50%
50%
moon_shot,
User Rank: Light Beer
12/5/2012 | 5:04:12 PM
re: Nortel Sells Out in Dallas


When Genband opened HQ in Frisco the death knell for Richardson as Telecom Corrirdor was gonged.


HP, Genband, Ericsson, Symantec, others are ALL in far North Plano on the tollway near Frisco border.  Frisco is where all their employees live.  Huge mall (yuck) lots of new housing, new schools and every chain restaurant you'd ever want.


The Richardson era is over.  Old buildings, schools overrun, NT buildings now housing Sherman Williams paint and other old line companies.


MetroPCS is still in the old MCI building, but they'll realize soon they made a mistake and move NW to where their employees live.


Sad to see it happen for Richardson, but it's time to move the remaining tech companies NW to Frisco.  Talent pool in Richardson has moved on to where the tech jobs are.

Michelle Donegan
50%
50%
Michelle Donegan,
User Rank: Light Beer
12/5/2012 | 5:04:11 PM
re: Nortel Sells Out in Dallas


Yes, that's it. I was near the airport when I saw it. Sad indeed...

NoCopper
50%
50%
NoCopper,
User Rank: Light Beer
12/5/2012 | 5:04:11 PM
re: Nortel Sells Out in Dallas


You mean the "Main Airport Center" building, close to Frankfurt Airport. As far as I know there is still some Nortel admin staff there, winding down Nortel Germany.  E&Y has an office there, they will be the last ones walking out.


Really sad....

cnwedit
50%
50%
cnwedit,
User Rank: Light Beer
12/5/2012 | 5:04:07 PM
re: Nortel Sells Out in Dallas


Sad, indeed. That's when you know you are getting old, when an area that was once young and hot is relegated to second-class status. I remember, in the post-divestiture days, when Nortel and companies such as DSC Communications, Rockwell, Fujitsu, Alcatel and Nokia were build facilities in Richardson. There was a large hotel there - a Sheraton, I think -- where you could sit in the bar and overhear remarkable stuff, including tons of fun rumors.


I think I developed my fondness for chardonnay in that hotel bar, or at least, honed it.

AUenROD
50%
50%
AUenROD,
User Rank: Light Beer
12/5/2012 | 5:04:05 PM
re: Nortel Sells Out in Dallas


There was a Nortel sign on the building just behind the Hyatt near Dulles (IAD) airport until about 3 months ago.  It is gone now.  I'm relatively sure that the operation there was shut down some time ago though.  It wasn't that big (~ 10 - 20 people) when I was in it about 4 years ago to use their conference room.  The facilities person was tickled at that point for additional justification to keep the place lit.

Page 1 / 2   >   >>
From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
Heavy Reading: The Web-Scale View

1|18|17   |     |   (0) comments


At Light Reading's 2020 Vision Executive Summit in Rome, Heavy Reading's former chief analyst Patrick Donegan shared insight from the recent web-scale operators report, which featured research on how web-scale operators view the market, the best web-scale companies to ...
LRTV Custom TV
Cisco's Cloud Scale Networking: Automation, Virtualization & Simplification

1|18|17   |     |   (0) comments


Cisco's Sanjeev Mervana outlines the latest innovations in networking technology at CES 2017 in Las Vegas.
LRTV Custom TV
ADVA Talks Innovation & the Future of Networking

1|17|17   |     |   (0) comments


Ray Le Maistre and Christoph Glingener, CTO of ADVA Optical Networking, discuss the current state of the industry, cooperation and collaboration, open innovation and the future of networking.
LRTV Custom TV
Cisco's Infinite Video Platform

1|17|17   |     |   (0) comments


Cisco's Infinite Video Platform allows service providers to deliver broadcast-quality video over IP networks. Infinite video supports many devices, from 4K TVs to tablets to game consoles. Join Cisco's Rajeev Raman for a brief tour and live demo.
LRTV Interviews
Masergy: Ability to Adapt Key for NFV

1|16|17   |   6:40   |   (0) comments


Speaking at Light Reading's 2020 Vision in Rome, Masergy's VP, Global Technology, Ray Watson, said agility is key to providing the mix and match NFV-based services that are driving business for the managed service provider today.
LRTV Interviews
Equinix: The Data Explosion

1|13|17   |   4:16   |   (0) comments


At Light Reading's 2020 Vision in Rome, Eric Schwartz, president of EMEA, Equinix, talked about how Equinix is helping its customers manage the influx of data today, and how it's preparing for a future filled with millions of connected IoT devices.
LRTV Interviews
Heavy Reading: The Changing Data Center Landscape

1|12|17   |   6:05   |   (1) comment


At Light Reading's 2020 Vision event in Rome, Heavy Reading's Senior Analyst Roz Roseboro talks about how virtualization is impacting data center evolution and how that evolution is affecting the relationship between service providers, data center operators and public cloud providers.
LRTV Interviews
Boingo: Prepping for Millions of Devices

1|12|17   |   5:07   |   (2) comments


At Light Reading's 2020 Vision in Rome, Boingo's CTO Derek Peterson discusses how wireless operators will address the needs of low-bandwidth and high-bandwidth apps at the same time, the need for more MHz, the impact of IoT and more.
LRTV Interviews
Comcast Shows Off Gig Gateway at CES

1|11|17   |     |   (1) comment


With its largest presence at CES in years, Comcast took the wraps off its long-awaited gigabit gateway and a new platform for managing the home WiFi network. Light Reading Senior Editor Mari Silbey sat down with EVP Chris Satchell to discuss the latest Comcast advance, and met with VP of Product Strategy and Development Andrea Peiro to walk through a demo of the ...
LRTV Interviews
Colt: End-to-End Key for 2017

1|10|17   |   6:21   |   (0) comments


At Light Reading's 2020 Vision Executive Summit in Rome, Nico Fischbach of Colt said having a multi-carrier, end-to-end service proposition is going to be key for 2017 -- and SD-WAN is instrumental in making it happen.
From the Founder
Cisco's Clemson on Mobile Cloud Video

1|9|17   |     |   (2) comments


Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators. "If you think about where we're going… whether it's a mobile application, or a video ...
LRTV Custom TV
VMware Telco NFV Solutions – Preparing for 5G & IOT

1|9|17   |     |   (0) comments


Shekar Ayyar, EVP & Corporate Strategy/General Manager of Telco for VMware, discusses VMware's Telco NFV solutions role and foundation for the Imminent Arrival of 5G & IOT.
Upcoming Live Events
March 21-22, 2017, The Curtis Hotel, Denver, CO
May 15-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
Hot Topics
A Women in Comms Glossary
Sarah Thomas, Director, Women in Comms, 1/18/2017
Is Cable One Beefing Up for Slaughter?
Alan Breznick, Cable/Video Practice Leader, Light Reading, 1/20/2017
Nokia CTO: 2017 Is the Year 5G Gets in the Field
Dan Jones, Mobile Editor, 1/19/2017
TV's Paradox: No HDR Without 4K
Mari Silbey, Senior Editor, Cable/Video, 1/17/2017
Qualcomm Study Predicts 5G Will Create 22M Jobs by 2035
Dan Jones, Mobile Editor, 1/17/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.