"We've had very good activity but don't have any leases signedyet," says Steve Schnur, senior vice president with Duke. "I thinkour history in this park has been very good, so we're confidentthat project will be a success. Our projections are that we'll haveit leased within a year of completion."

Development of the business park was begun in 1988 by UPS. In1998, Duke purchased the park, which now houses 25 buildings, fiveof which Duke owns today. This building will be the final projectin the park, which will be fully developed at its completion. Theproject is being financed as a 50-50 joint venture with JP MorganChase.

Asking lease rates for the space will be around $3.45 per squarefoot, net. Larry Johnson and Mike Mangan with CB Richard Ellis aremarketing the building. "Obviously building a spec building now isriskier than it was 12 months ago," Schnur says. "We feel verygood, more than ever, about both the location and price point withthis building."