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 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.


Last year, BPG received approvals for Phase II, which includesapproximately 340,000 sf of retail and office space, along with aWestin and an Element hotel. Phase III, which has also beenapproved, will include three mid-rise office buildings that canmeet GSA security and setback requirements, on the east side of thesite across from the retail and hotel development. These buildingswill accommodate up to 595,000 sf of office space with structuredparking.

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