X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AURORA, CO-Ground will be broken July 1 for an 80,000-sf addition for defense contractor Northrop Grumman’s expansion. The ceremony presided by Mayor Ed Tauer will include a Native American “ground blessing.”

The addition is the equivalent of a build-to-suit for the Northrop campus. The addition is scheduled to open in the fall of 2005. In addition to the expansion, the company also recently renewed its 108,240-sf lease.

When combined with the expansion, the 188,240-sf deal apparently is the largest office lease so far this year, says Alan Seiver, who handled the transaction with fellow Grubb & Ellis broker Mark Schuster. Northrop’s landlord in Aurora is Wells Real Estate Funds. Northrop, which employs 870 people in Aurora, currently leases 265,000 sf in three buildings, but expects to employ 1,000 by year-end.

The Northrop division in involved with national intelligence, surveillance and reconnaissance. Julie Bender, president of the DIA Partnership, notes many of the new jobs in the metro area, especially along the north and northeast submarkets, are in the defense industry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.