Studley's Mark Strauss and Paul Schweitzer represented Oceaneering in the deal. Mike Elardo of Preston Partners represented the building's landlord. Oceaneering is the first tenant in the 6090 Dorsey Rd. facility, Strauss tells GlobeSt.com. Asking rates for space are $6.95 per square foot, triple net.
Part of the deal included a negotiated TI for the company to build out office space there, he adds. 7001 Dorsey Rd. is an office/flex building and Oceaneering wanted a similar set up in its new facilities.
The lease is a a result of the company's growing Advanced Technologies Division – and more immediately, support of a major client's global business, according to Oceaneering's VP of Strategic Business Planning, Charles Young. Oceannering moved into the Hanover facility in 2005, in a transaction also negotiated by Studley.
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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.
