CACI will be the sole occupant in the first building BPG hasdeveloped--a $48 million, 160,000-sf, five-story class A structurethe company delivered in Q3 2007. BPG is breaking ground on thesecond building, which CACI will only partially occupy at 60,000sf, next week, Roy C. Perry, senior vice president who wasresponsible for the lease transaction for BPG, tells GlobeSt.com.CACI will be occupying two floors, which is scheduled for deliveryin June 2009. Asking rates for the second building, which will besimilar in cost and specs to the first, will be about $31 per sf,net of electric, Perry says.
CACI was represented by Mike Christian and Junius Tillery of UGLEquis. BPG was represented by Michael Shuler, John McEvilly, DougEliott and Rob Walters of Millennium Realty Advisors.
The first building, representing phase I of BPG's build out, isequipped with an IT backbone and also has sustainable designfeatures. The building is situated adjacent to two fully approvedbuilding sites, each of which can accommodate a 160,000 sf officebuilding.
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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.
