The 693,234-sf office building on 100 acres was first put on themarket in 1999, but "We have officially taken the Deer Creekfacility off the market," says Evan McCollum, a spokesman for theaerospace giant. The company plans to consolidate employees fromother facilities into the Deer Creek facility.

"We plan to have people in there for the foreseeable future,"McCollum says. He says the move was mainly strategic, reflectingthe consolidation of people from other facilities into Deer Creek.The company is, of course, hopeful that the winning of additionalcontracts will bring the need for hiring more people. One bigpotential contract is NASA's Orbital Space Plane, expected to beawarded next year.

Initially, the facility was being listed by Grubb & Ellisand the asking price was $62 million. But offers were coming in atmuch lower costs. A Christian college came close to buying it lastyear, but ran into opposition from neighbors and the dealcollapsed. And Echostar, the Denver-area based satellite dishgiant, looked at it, but passed. Instead, Echostar bought theformer Merrill Lynch office campus in the Meridian InternationalOffice Park in Douglas County, which is not as isolated as the DeerCreek facility.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.