3PAR Parks at 1 Whitehall Street

3PAR Inc., a Fremont, Calif.–based provider of utility storage, has recently signed a five-year lease for office space at 1 Whitehall Street, NYC, 10004. 3PAR was represented in the transaction by Kristian Hansen and Jack Petrie of CresaPartners.

About 3PAR

3PAR, which raised $105 million in its November, 2007 IPO, is relocating and expanding from its existing location in an executive suite on Wall Street. The company’s IPO sold 7.5 million common shares at $14 per share, for an initial market cap of approximately $840 million. It will trade on the NYSE Arca under ticker symbol PAR.

Previously, 3PAR had raised around $185 million in total VC funding since its 1999 inception, from firms like AllianceBernstein LP (f.k.a. Alliance Capital), Integral Capital Partners, Mayfield, Menlo Ventures, Open Field Capital, Van Wagoner Capital Management and Worldview Technology Partners

About 1 Whitehall Street

1 Whitehall Street located between Bridge and Stone Streets is a 300,000 square foot office building constructed in 1962. It has been continuously owned by Rudin Management Company and is currently 100% leased. Major tenants include the Topps Company, The Enterprise Foundation, St. Paul Travelers and International Shipholding Company.

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