When the building delivers next fall and is stabilized, itspartner will take majority ownership, Jennifer Dresback, vicepresident with TCC, who is responsible for leasing, tellsGlobeSt.com. "The expectation is that it won't be released to themarket" for sale. Also, the doctors that will occupy the buildinghave an opportunity to purchase equity in it as well, she adds. Thebuilding will have suites ranging from 2,000 sf to 25,000 sf, and atwo-level parking garage.

Already the building is two-thirds preleased, Dresback reports.Carroll Hospital has leased about a third; another third has been"spoken for," she says. "We expect this to be a fully occupiedbuilding before we finish development." Asking rates for the spaceare between $21 per sf, triple net to $23 per sf, triple net.

Demand is high because few buildings have been developed in thisarea in recent years. Also the hospital is expanding, attractingmore doctors' practices to the campus. "That, coupled with the pentup demand, is what is fueling interest in the building," Dresbacksays.