Bridgeway Technology Center was built in 1996 on 13 acres at7151 Gateway Blvd. The project is 100% leased to two tenants whosecombined base annual rent is $4 million and whose weighted averageremaining lease term is 3.2 years, according to SEC filings.
GE Homeland Protection Inc., a business of the GE Security Inc.subsidiary of General Electric Co., leases 70% of the center. Thelease expires in February 2010. The average annual rental rate overthe remaining lease term is $13.06 per sf. The tenant may terminateits lease effective August 2009 with 120 days notice and uponpayment of a termination fee, according to the SEC filing.
The remainder of the center is the headquarters of RiskManagement Solutions Inc., a subsidiary of Daily Mail and GeneralTrust, one of the United Kingdom's largest media holding companies.The lease expires in December 2010. The average annual rental rateover the remaining lease term is $46.28 per sf.
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