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 August 1, 1999

Seagate plans huge campus in Longmont

LONGMONT — Scotts Valley, Calif.-based Seagate Technology Inc. (NYSE: SEG) is planning — and has received preliminary approval from the planning and zoning commission — for a 450,000-square-foot campus that could house as many as 1,150 employees on 40 acres near the northeast corner of 75th Street and Nelson Road here.

The preliminary concept was presented to the planning and zoning commission July 21, when commissioners voted unanimously to approve the final plat for Seagate’s parcel of the larger Clover Basin Farm industrial subdivision.

“My feeling is that the investment that they are making in Longmont is significant,´ said Andy Bond, planning and zoning commission chairman. “And I’m glad to see their investment in Longmont.”

Seagate, a maker of disk drives, tape drives and software, reported on July 15 net income of $1.02 billion for the quarter ended July 2. The Longmont location is a research-and-development site and design center.

“Obviously we would like to proceed,” Seagate spokesman Woody Monroy said of the campus plan, “but until we have agreements in place and approvals, etc., we don’t really want to comment on this further other than the company would like to remain in Longmont, has had a very good experience here and thinks this is a good next step.”

Commissioner Tim Hill said the proposed campus would be in a great location west of biotech giant Amgen Inc.’s new facility. He said preliminary drawings showed a “nice looking” campus and that the concept fits well with the city’s plan for the area. “It’s a good fit, being next to the airport. The airport users advisory board there much prefers industrial uses,” he said.

Seagate, which has more than 900 employees in Longmont, now will submit a site-specific plan to the city. The decision will not go to city council unless an appeal is filed. “Normally a preliminary plat stands,” Hill said.

Seagate eventually would vacate about 345,000 square feet of space in nine buildings it leases from Pratt Properties LP.

Brokers at one time said Longmont could have a glut of commercial space with new projects such as the Diagonal Tech Center and Creekside Business Park coming online in addition to the half million square feet available in the Longmont Business Center and companies such as Seagate and Maxtor Corp., which leases about 375,000 square feet from Pratt, planning build-to-suits.

But now Maxtor reportedly will stay with Pratt — and in fact expand into some of the space Seagate will be vacating — and Pratt will be constructing a new building for Maxtor that will connect four of the buildings just north of Clover Basin Road and west of Hover Road.

Brokers say the net result is that not as much space will be dumped on the market all at once. Pratt’s spokeswoman Frannie Follick Hood would neither confirm nor deny the Maxtor report.

“Basically we feel like Seagate is a tremendous opportunity to create some diversity in our portfolio,´ said Hood.

Seagate, which has 87,000 employees worldwide, was founded in 1979 as a disk-drive manufacturer. The local operation of Seagate was originally a Conner Peripherals Inc. facility, but Conner and Seagate merged under the Seagate name in February 1996.

Seagate shipped its 100 millionth hard-disk drive in November 1996 and produced its one billionth magnetic recording head in March 1998.

LONGMONT — Scotts Valley, Calif.-based Seagate Technology Inc. (NYSE: SEG) is planning — and has received preliminary approval from the planning and zoning commission — for a 450,000-square-foot campus that could house as many as 1,150 employees on 40 acres near the northeast corner of 75th Street and Nelson Road here.

The preliminary concept was presented to the planning and zoning commission July 21, when commissioners voted unanimously to approve the final plat for Seagate’s parcel of the larger Clover Basin Farm industrial subdivision.

“My feeling is that the investment that…

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