PETROLEUM DIRECTORY: RAE Systems closes on new corporate headquarters

RAE Systems Inc., a leading global developer and manufacturer of rapidly-deployable, multi-sensor chemical and radiation detection monitors and networks for homeland security and industrial applications, said in early December that it has completed the purchase of property in San Jose, Calif. for a new corporate headquarters.

Currently based in Sunnyvale, Calif., RAE Systems purchased the land and building from CarrAmerica Realty Operating Partnership for $5 million cash.

The 67,000-square-foot building sits on 4.6 acres and will house the company’s administrative, sales and marketing, technical support, and research and development functions.

Approximately 150 employees will work at the new site, RAE Systems expects to occupy “near the end of the first quarter of 2005.”

“RAE Systems has achieved many milestones over the past 14 years in our home in Sunnyvale, but we’ve reached a point in our company’s development where we need more space to accommodate our growth,” said Chief Executive Officer Robert I. Chen. “Our new facility in San Jose is located just a few miles from our current site, so the relocation will be a minimal distraction as we continue to focus on cutting-edge wireless sensing solutions for our customers around the world.”