History
In 1976, Union Carbide announced that it intended to relocate from New York City to a location in Connecticut. After beginning construction in 1980, Union Carbide moved its approximately 3,000 staff members to the facility in 1983.
Following several corporate realignments, space was rented out to several different companies after a 1986 leaseback arrangement transferred ownership to a Florida concern. This resulted in the facility being renamed the Corporate Center in 1992. Following the purchase of Union Carbide by The Dow Chemical Company in 2001, the Union Carbide staff was further reduced and more space sublet to other companies. In 2007 the building was sold to Grubb & Ellis for $80 million dollars, less than half its original construction cost of $190 million. In 2009, the building was resold to Matrix Reality Group for approximately 80 Million dollars. The new owner of the building is doing many renovations, such as new granite in the Main Reception area and in other parts of the building.
Read more about this topic: The Corporate Center
Famous quotes containing the word history:
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“All history becomes subjective; in other words there is properly no history, only biography.”
—Ralph Waldo Emerson (1803–1882)