LIVERMORE, Calif., April 6, 2015 /PRNewswire/ -- Comcast
Business today announced a significant expansion of its
multi-gigabit Ethernet service to three business parks in the
Northern California towns of
Pleasanton, Hayward and Fremont. The high-speed fiber-based network
build outs together total close to $2
million in investment by Comcast in the East Bay, making
available reliable Internet speeds to the more than 1,500
businesses in the community by offering reliable Internet
speeds up to 20 times faster than traditional 1.5 Mbps DSL or T-1
service.
Together, the three parks serve a variety of industries, ranging
from manufacturing to biotech to education to consumer products and
services – businesses with ever-increasing data needs.
Companies such as Ceva Logistics and Impax Laboratories are
among the more than 150 businesses currently leasing space at the
collection of Business Parks along Huntwood Avenue in Hayward. Fremont's Bayside Business Park boasts of over
1 million square feet and serves as home to more than 400
companies, such as BASF Corporation, Mentor Graphics, Volterra
Semiconductor Corporation. Many of the buildings in the
Business Park are owned and operated by ProLogis. Pleasanton Valley
Business Park, which spans 60 acres and boasts more than 300
tenants, was built as a manufacturing park 40 years ago, but now
serves tenants such as Allied Ventures, Mazda Motor of America,
Nichotech and Quest Consulting, among many others.
"Today's business environment requires high speed internet as
well as voice and video," said Stephen
Schorr, Senior Property Manager at ProLogis. "Our tenants
are extremely excited that we have partnered with Comcast Business
to bring them what they need. It's a win – win – win for all."
As the price of commercial real estate in San Francisco and Silicon Valley continues to
skyrocket, more businesses requiring high volumes of data and
sophisticated technology services are relocating to the East Bay.
For over 40 years in Hayward, the
industrial area has attracted warehouse and distribution facilities
due to easy access and central location in the East Bay. Today, the
same qualities are attracting high tech and other firms to
Hayward. According to Hayward's General Plan, new fiber optics
solutions are critical to bringing this "new economy" to
Hayward.
A recent real estate study by Cassidy
Turley, a leading commercial real estate services provider,
reported that commercial real estate asking prices in the
San Francisco market have jumped
80 percent over the last four years and continue to grow. It has
been estimated that office tenants can save 40 percent by
relocating from San Francisco to
the East Bay and 18 percent by relocating from the South Bay,
according to a report by the East Bay Economic Development Alliance
and Beacon Economics.
"Recognizing the important role the East Bay plays in the Bay
Area economy, a role that will grow exponentially in the coming
years, we have made the conscious decision to invest in these
corridors," said Ted Girdner,
regional vice president of Comcast Business. "By running our
sophisticated network through these key growth areas, we ensure
property managers can offer hundreds of tenants the diverse,
high-capacity networks they need in order to thrive."
Notably, Southern Alameda
County, home to Hayward and
Fremont, is considered an
international hub for manufacturing and a R&D growth area for
software, hardware, telecommunications, semiconductors and
biotechnology. These data-intensive, complex industries demand
highly sophisticated communications services in order to complete
day-to-day operations. With the ability to offer Internet speeds of
10 Gbps, these business parks can meet the high standards these
companies require, with room to expand as broadband needs continue
to grow in the future.
"When exploring new office locations, high-capacity network
connectivity is the top consideration for potential tenants," said
Kim Huggett, president and CEO of
the Hayward Chamber of Commerce.
"Acquiring a complex network to meet these companies' demands
requires a significant investment that not all property managers
are in a position to make. We are proud to have Comcast as a
chamber member and a partner in this project because we would not
have been able to undertake this project on our own. These business
parks are now well positioned to play a key role in supporting the
growth of the East Bay."
Businesses in the three parks will have access to Comcast's
comprehensive portfolio of Ethernet options, including Ethernet
Dedicated Internet, Ethernet Private Line, Ethernet Virtual Private
Line and Ethernet Network Services that provide Internet access,
point-to-point, and point-to-multipoint connectivity at bandwidth
that scales up to 10 Gbps. Companies will also be able to deploy
Comcast Business VoiceEdge™, a cloud-based voice and unified
communications solution designed to help customers run a faster,
more efficient business.
About Comcast Business
Comcast Business, a unit of
Comcast Cable, provides advanced communication solutions to help
organizations of all sizes meet their business objectives. Through
a next-generation network that is backed by 24/7 technical support,
Comcast delivers Business Internet, Ethernet, TV and a full
portfolio of Voice services for cost-effective, simplified
communications management.
For more information, call 866-429-3085.
Follow us on Twitter @ComcastBusiness and on other
social media networks
at http://business.comcast.com/social.
About Comcast Cable
Comcast Cable is the nation's
largest video, high-speed Internet and phone provider to businesses
and residential customers. Comcast has invested in technology to
build an advanced network that delivers among the fastest broadband
speeds, and brings customers personalized video, communications and
home management offerings. Comcast Corporation (Nasdaq: CMCSA,
CMCSK) is a global media and technology company. Visit
www.comcastcorporation.com for more information.
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SOURCE Comcast Business