The site is adjacent to both Gale & Wentworth's 1.1million-sf corporate HQ campus and the Rockefeller Group's840,000-sf corporate park here, so it's no surprise the twodevelopers jumped at the chance to do something with the property,which has been acquired from the oil giant. They've begun theplanning and approval process for a 2.2 million-sf, $400 millionproject.

Indeed, the two neighbors had developed something of a mutualadmiration society. "We have admired each other's work for 15years," says Les Smith, SVP of development for New York-basedRockefeller. "We hoped we would be able to join forces on asuitable project offering the magnitude and complexitiesrepresented by this one."

The ExxonMobil site will be redeveloped primarily as a class Aoffice and research park, probably with a hotel and meeting spaceand other uses. No specific timetable has been announced, but "weintend to create a master plan for the property that complementsboth of our organizations' existing properties," says Stan Gale,chairman/CEO of Gale & Wentworth.