It's a one-lease, one-team marketing concept, Rusty Perry,Archon's vice president and acquisitions director, toldGlobeSt.com. Negotiations are under way with prospective tenantsfor the 860,000-sf Genisus Loudoun Exchange in a Washington, D.C.,suburb and the 404,000-sf Genisus Stevenson Point in Newark, CA,both "from the ground up" developments. Archon also is discussinglease arrangements with several prospects for the Chicago Genisusproject at 1 N. State St., a 600,000-sf high-rise redevelopment,where 125,000 sf is available. Nationwide, more than three millionsf is being developed. Other locations are the 800,000-sf formerPhiladelphia Inquirer printing facility at 440 N. Broad St. and LasVegas' Genisus East Sahara, a 70,000-sf industrial building at 4425E. Sahara Blvd. The latest property to come into Archon's high-techpipeline is the 1.3-million sf Prestonwood Town Center, which hasbeen closed for nearly two years save for Neiman Marcus and Lord& Taylor - plus there are four more cities in the telecom anddata center pipeline. Those locations presently are being keptunder wraps.

Several developers have initiated similar high-tech projects butfew, if any, are undertaking a program of this magnitude, saysPerry. "We think the proliferation of differentiating and expandinguses of the Internet is going to be driving the real estate demandfor companies," he says. "We feel the nationwide approach is theway to tackle it." And, he says, Archon is more than willing totailor the portfolio to clients' needs, developing properties incities that may not be in the existing inventory. "There is no setallocation," Perry says. "But, we do have well over $300 millioninvested right now."

Genisus Dallas North, which will start delivering high-techspace in the 2001 first quarter, represents the largestredevelopment of any Texas mall to date. And that's just thebeginning. Archon and Dallas architect Corgan Associates areforging plans for the additional development of office, restaurant,multifamily and retail on the recently bought 90-acre site thatincludes 40 acres encircling the once lucrative retail center. The21-year-old mall, bought from Dallas investor Sam Ware, is situatednear the intersection of the Dallas North Tollway and Belt LineRoad. Archon's construction has started on the two-story mall'snorthern end and will include exterior and interior upgrades. ComeAugust 2001, tenants Neiman Marcus and Lord & Taylor willvacate their spaces so mall work can be completed.