Quell Corporation renews lease at Vista West
Gemini Rosemont Commercial Real Estate, a leading commercial real estate investment company with more than 14 million square feet of commercial office space in 20 states, has renewed its lease with Quell Corporation.
Quell Corporation will continue to be headquartered in a 12,000-plus square foot space at the Vista West building at 5643 Jefferson St. NE, in Albuquerque’s North I-25 corridor.
“Our entire property management team is honored by Quell’s lease renewal and we appreciate the confidence Quell has in Gemini Rosemont’s ability to meet its office needs,” said Joe Farr, senior vice president of asset management for Gemini Rosemont. “We truly value having Quell Corporation headquartered at Vista West.”
The Quell lease is the fifth transaction at Vista West in the past six months, including three new leases, one lease expansion and the Quell lease renewal, representing 27,630 square feet of occupancy.
“These multiple transactions in a short timeframe is a good indicator about the leasing market in Albuquerque,” Farr added. “New companies joining our business community along with established companies expanding and renewing their commitments bode well for Albuquerque.”
Quell Corporation, a New Mexico-based company founded in 1984, manufactures the EESeal which is an EMI and/or transient protection device inserted into standard connectors. Quell’s EESeal routinely fixes unwanted EMI and ESD issues in a variety of applications including Military, Aerospace, Medical, Transportation and more.
Gemini Rosemont’s Jason Lott represented the landlord in the transaction. Quell’s lease negotiation was handled by in-house representation.
Vista West is a mixed-use, campus-style, 94,506 square foot property that offers retail, office and flex/warehouse space. The property is currently 80 percent leased, with just two suites available, including a 7,074 square foot suite and an 8,090 square foot suite.
Tenants include Pizza 9, Innovasic, SWCA Environmental Consultants and Westwind Computer Products, Inc., among others.
Gemini Rosemont and its related entities own 17 properties representing 1.6 million square feet in the Albuquerque market.