Computer Sciences Corporation
Square Feet: 61,837 Lease Expiration: 06/2011*
Square Feet: 18,819 Lease Expiration: 09/2009*
Computer Sciences Corporation (“CSC”) operates in the information technology (“I/T”) and professional services industry worldwide. CSC offers I/T and business process outsourcing, and I/T and professional services. Its I/T and professional services include systems integration, consulting, and other professional services. CSC offers its services to various customers in the aerospace/defense, automotive, chemical and energy, consumer goods, financial services, healthcare, manufacturing, retail/distribution, telecommunications, and utilities industries primarily in the North American, European and Asia Pacific regions. Founded in 1959, CSC is headquartered in El Segundo, California and has approximately 77,000 employees in eighty countries worldwide. In fiscal year 2006, CSC reported record major business awards of $12.1 billion from continuing operations. Revenue from continuing operations for the fourth quarter was $3.88 billion, up 3% over last year s comparable quarter.
General Motors Acceptance Corporation
Square Feet: 15,116 Lease Expiration: 02/2008
Founded in 1919 as a wholly owned subsidiary of General Motors Corporation, General Motors Acceptance Corporation (“GMAC”) was established to provide GM dealers with the automotive financing necessary for the dealers to acquire and maintain vehicle inventories and to provide customers the means by which to finance vehicle purchases through GM dealers. In 2006, General Motors Corporation sold a 51 percent controlling interest in GMAC to a consortium of investors led by Cerberus Capital Management, L.P., a private investment firm, and including Citigroup Inc., Aozora Bank Ltd. and a subsidiary of The PNC Financial Services Group, Inc. GMAC has extended more than $1.3 trillion in credit to finance upwards of 158 million vehicles. Currently, GMAC operates throughout forty companies and employs approximately 34,000 employees worldwide. GMAC posted record earnings in 2005, generating nearly $2.4 billion in net income on net revenues of $19.2 billion, and holds more than $300 billion in assets.
Approach Resources Inc.
Square Feet: 12,859 Lease Expiration: 10/2012
Approach Resources Inc. (“Approach Resources”) takes a different approach to natural gas and oil exploration, development and production. Specializing in finding and exploiting unconventional reservoirs, Approach Resources operates primarily in West Texas’ Ozona Northeast field and is also developing its operations in Western Kentucky and Northern New Mexico. Approach Resources’ unconventional designation results from a focus on developing natural gas reserves in tight gas sands and shale areas, necessitating a reliance on advanced completion, fracturing and drilling techniques. Approach Resources has proved reserves of approximately 149 billion cubic feet equivalent to a reserve life index of approximately 19 years.