According to Phil Taylor, senior vice president of buildingowner Sobrato Development Cos., the county has leased two buildingsfor 20 years. Each building is a 144,209-sf, five-storystructure.
Taylor tells GlobeSt.com that the lease was signed at a rate of$2.45, triple net, with 8% increases every three years. Thebuildings are part of River Corporate Center, a $170 million,460,000-sf office complex.
Sobrato has built two of the three planned buildings in RiverCorporate Center, and the county has options on the third building,when it is completed. The buildings were originally constructed forMetricom, a provider of mobile data net-working and technology thathas been bankrupt since July.
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