Abengoa, a biofuel producer headquartered in Seville, Spain,already leases about 15,000 sf in the Chesterfield Village projectat 14000 Elbridge Payne. The company needs to expand, said JavierSalgado, president and CEO of the company, in a statement. "Theneed for energy independence has combined with the environmentallyfriendly aspects of ethanol to spur development of ethanolfacilities. This month, we will open our fourth ethanol plant inthe US. We also have four additional plans in various stages, andsimilar numbers in operation and development in Europe." Thecompany recently received a $76 million grant from the USDepartment of Energy to develop a commercial scalecellulose-to-ethanol facility.

The company will move out of the Elbridge facility in the firstpart of 2008, and into the $25 million Central Park One building,says a Sachs spokesman. "One of the things that Sachs has done wellis when tenants are growing, try to find space for them to take thenext step up," he tells GlobeSt.com. "This just works outwell."

The building's only other projected tenant currently is AEPMemco LLC, which, as reported by GlobeSt.com, is leasing 42,000 sfat the five-story facility. Lease rates in the Central Park Onebuilding are at $30 per sf, full service, the spokesman says.