Wednesday, November 9, 2011

Nonprofit moving, adding employees - Silicon Valley / San Jose Business Journal:

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The nonprofit home care agencyg signeda nine-year lease for 41,000 squaree feet of space in Courthouse Crossings. The agency is sub-leasinyg the space from Kettering-based Reynolds and Reynoldsd Co., which vacated 120,0090 square feet of space last year when the companty moved 400 employees to its headquartersa in the Miami ValleyResearch Park. The leaswe is for a little morethan $5 The agreement with Reynolds also includes the use of parkintg spaces at the Schuster Center garage. Doug executive director of the Area Agencuon Aging, said the agency needed more space than it had at its currentg location at 6 S. Pattersoh Blvd.
“We just ran out of McGarry said ofthe 21,000 squars feet of space it occupies. The agency, whicnh currently employs 115, will move into Courthousse CrossingsJuly 1. It is expected to add employees, up to 120 by the end of this year and bump up to 130 by the end of next McGarry saidthe agency, which coordinatesw services to about 4,500 senior including caregiver services, home care options and others, has seen an increas e in demand over the past few In 2007, the agency’s revenuwe was $41.5 million.
Last year, it increased to $48 millionj and is projected tohit $55 million this year, McGarry Jon Hazelton, with Gem Realty represented Area Agency and Paul with , represented Reynolds and Reynolds. McGarry also creditedc the for helping the agency findthe space.

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