Besides LaPier Andy Cole, VP in CBRE's Bethesda office, was also on the leasing team. The complex owner is Gateway Franklin Inc. TA Associates is the asset manager for Gateway Franklin.
According to LaPier, Bechtel did consider other buildings. It eventually decided to stay put. It is the sole occupant of this complex. Frederick County has a 10.4% direct vacancy rate, according to Q3 statistics by GVA Advantis. Asking rates for class A space are $26.50 per sf.
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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.
