Cooperative Finance Corp. is planning a third building at its headquarters here. The company, which arranges financing for rural electric cooperatives, will begin construction of a five-story, 120,000-sf building at Cooperative Way in the second quarter of 2001. CFC already occupies 2201 Cooperative Way and recently finished a six-story, 160,000-sf building at No. 2121.

Asking rents for the speculative building will be in the mid to high $30/sf, says Terry Reilly, an Insignia/ESG broker representing CFC. “They have additional land. The market is good. Now’s as good a time as any to build it out,” he says.

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