The one-story building will be used for both Northrop Grumman's operations and the Virginia Information Technologies Agency, with which Northrop Grumman has a contract. The plans, which COPT released today in a statement, call for the new property to house a Tier II+ data center and call center that will be used as back up to a facility in Richmond. COPT expects to deliver the building this time next year.
This is the second property that COPT has developed for the contractor specifically to support VITA. In June, COPT announced it would develop for Northrop Grumman two office buildings totaling 193,000 sf in the Meadowville Technology Park, which is located in Chesterfield County south of Richmond. In a statement released at the time, COPT estimated that building costs would run about $54 million. This building is expected to be complete in June 2007.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
