PHOENIX-The Federal Bureau of Investigation’s plan toconsolidate its local offices into one regional headquarters officein Phoenix is moving forward.

The US Government Services Administration (GSA) negotiated a20-year deal for the FBI to occupy a build-to-suit facilitytotaling 210,202 square feet. The building, located in the DeerValley submarket, will be developed and owned by Ryan Companies USInc.

With a Congress-approved lease cap of $36.75 per rentable foot,the GSA will pay $7.7 million in annual rent to Ryan Companies. Thetotal value of the lease is $154 million.

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