NetLibrary plans expansion into
100,000-square-foot Boulder campus
Local company forecasts
Internet-paced growth and job expansion
BOULDER, CO- July 19, 1999 -- NetLibrary (www.NetLibrary.com), the world's premiere
provider of electronic books (eBooks) and information over the Internet, today announced
signing a lease for the multi-building campus at 3080, 3085 and 3090 Center Green in Boulder.
The campus formerly housed Career Track and was offered for lease by the TC Boulder Office, LP,
an affiliate of the Trammell Crow Company. The company plans to occupy the space by mid-September.
NetLibrary provides library patrons and consumers anytime, anywhere access to a comprehensive
collection of reference, scholarly, and professional electronic books (eBooks) and information
that can be viewed, searched, and checked out via the Internet. All patrons need is a personal
computer with an Internet browser.
"Our aggressive plan for expansion is right on target," said Tim Schiewe, CEO of NetLibrary.
"In a little less than a year we've gone from 1,200 square feet of space to 18,000 – and now
to this new campus. We've carefully planned this growth to coincide with the rapid evolution
of the NetLibrary offering and business model. The response to what we've brought to market –
from publishers, libraries, investors and consumers – has been phenomenal. This campus will
allow us to continue to meet our growth plans over the coming months."
The NetLibrary growth trajectory has seen the start-up raise both capital and staffing levels
quickly. The company has raised more than $30 million in venture funding and has grown from
eight employees in August 1998 to the current roster of nearly 175. According to Schiewe,
growth plans include additional capital and hundreds of new jobs in the Boulder market.
"Our commitment to the Boulder area is strong, and this long-term lease is proof of that,"
he said. "It's the perfect market in which to build and grow an Internet company."
In leasing the campus – one of the largest in the city of Boulder – NetLibrary was represented
by Lynda Gibbons of Gibbons-White, Inc. Trammell Crow was represented by D. James Sandoz and
Dan Burke.
About NetLibrary
NetLibrary is the world's leading provider of reference, scholarly, and professional
electronic books and information on the Internet. With nearly 5,000 unique titles online,
NetLibrary has forged relationships with more than 60 publishers including The McGraw-Hill
Companies, Houghton Mifflin, The MIT University Press and ABC-CLIO. Nearly 1,000 libraries
already have access to NetLibrary digital library services.
Since launching in March, NetLibrary has been heavily trafficked, with more than five million
page views, several hundred thousand user sessions, and a site stickiness in the form of minutes
per user session that is among the highest on the Internet. NetLibrary can be
found at www.NetLibrary.com.
Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate
services companies in the United States with 150 offices in the United States and Canada. The
Company is organized to deliver a comprehensive range of real estate services including property
management, brokerage, outsourcing, development and construction, and retail. Its clientele include
leading multinational corporations, institutional investors and other users of real estate services.
In Colorado, Trammell Crow Company is the largest property management and leasing company with
assignments on over 16 million square feet of space. The Company has in excess of $80 million of
development and acquisition activity in the Colorado market. More information is available at
www.trammellcrow.com.
Contact:
NetLibrary
David Melançon
303/415-2548
david@netlibrary.com
Trammell Crow
Steve Moyski
303.870.4165
Greg Armstrong
303.843.1945
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