MANCHESTER — The landlord for 150 Dow St. is marketing Oracle + Dyn’s space in the Millyard, raising questions about the tech company’s future in the Queen City.
“It doesn’t mean they’re leaving,” said Robert Rohrer Jr., managing director in New Hampshire for Colliers International, which is marketing the space. “It just means it’s for lease.”
Oracle + Dyn — which employed more than 400 there as of a year ago — rents about 100,000 square feet at 150 Dow St.
One Oracle worker who didn’t want to be identified Monday said a reliable person within the company mentioned that a “pretty significant” layoff was coming soon.
“They should stay here” in Manchester, said the worker, noting the company’s modern office space in the converted mill.
An Oracle spokeswoman didn’t respond to emailed requests for comment Monday, but last month, she declined comment on rumors of potential layoffs in Manchester.
Seacoast businessman Bill Binnie in early 2017 bought three Millyard buildings, including 150 Dow St., for $11.2 million.
“We were asked (by the building owner) to start marketing the space, so we are,” Rohrer said. He said the building owner was waiting to hear from Oracle “on their intentions” of whether the company plans to stay.
An advertisement in last weekend’s New Hampshire Sunday News said 10,000 to 100,000-plus square feet of “fully built-out Class A space, currently occupied by Fortune 100 company Oracle” was for rent.
Rohrer called it “fantastic tech space in the Millyard” with ample parking.
Rohrer said the building’s 400,000 square feet is about 80 percent leased with some space undergoing renovation.
Oracle bought Dyn, a startup that rose to high-tech prominence through its internet data traffic management services, for a reported $600 million in late 2016. Dyn is now a business unit within Oracle.
A top Dyn official at the time of the sale said “there is a commitment to keep the Manchester office open.”
About a year ago at an Oracle event, Doug Kehring, an executive vice president with Oracle, said Oracle has “tried to maintain a lot of the continuity of the things that made Dyn great.”
While the giant sign atop the building now says Oracle, not Dyn, Kehring said: “The reality is what you guys are doing here in this town is something we want to build upon.”
Matt Cookson, executive director of the New Hampshire Tech Alliance, said he has “worked with Dyn since the early days and watched the company grow into a powerhouse and trendsetter.”
Cookson added, “The region has become a technology hub and a place companies want to be and there are many people with roots in Dyn and now Oracle that played a role in putting us on the tech map.”
In 2015, the Manchester-Nashua area made a top 10 list for “up and coming cities for tech jobs,” compiled by the website ZipRecruiter, an online job board.
Kyle York, then Dyn’s chief marketing officer and now an Oracle executive, called the ranking a “tremendous recognition for the many great people working hard at building the technology ecosystem in New Hampshire.”
“We at Dyn have always been committed to building a technology ecosystem in Manchester and throughout NH,” he said via email.
A tenant in the Oracle building, DEW Construction, recently moved into the former mill after looking at about a half-dozen options in the Manchester area.
“We liked the feel of the building and thought it was the right fit for us and chose to rent the space, said Don Wells, president and CEO of DEW Construction, headquartered in Williston, Vt.
The current tenants in the building weren’t a large factor in the company’s decision, he said
Oracle also operates a campus in Nashua off Spit Brook Road.
According to Oracle’s website, the company recorded $40 billion in revenue during fiscal year 2018. It counted 137,000 employees worldwide along with 430,000 customers in 175 countries.