Abengoa Leases 30,000 SF at Central Park One

Abengoa, a biofuel producer headquartered in Seville, Spain, already leases about 15,000 sf in the Chesterfield Village project at 14000 Elbridge Payne. The company needs to expand, said Javier Salgado, president and CEO of the company, in a statement. "The need for energy independence has combined with the environmentally friendly aspects of ethanol to spur development of ethanol facilities. This month, we will open our fourth ethanol plant in the US. We also have four additional plans in various stages, and similar numbers in operation and development in Europe." The company recently received a $76 million grant from the US Department of Energy to develop a commercial scale cellulose-to-ethanol facility.

The company will move out of the Elbridge facility in the first part of 2008, and into the $25 million Central Park One building, says a Sachs spokesman. "One of the things that Sachs has done well is when tenants are growing, try to find space for them to take the next step up," he tells GlobeSt.com. "This just works out well."

The building's only other projected tenant currently is AEP Memco LLC, which, as reported by GlobeSt.com, is leasing 42,000 sf at the five-story facility. Lease rates in the Central Park One building are at $30 per sf, full service, the spokesman says.