Called the EPA Science and Technology Building, the 70,000 square foot lab and office space will be a one-story glass and brick structure, with a 100 slot parking lot. The EPA will lease the building for 20 years. The new building will be located about two blocks from the 200,000 square foot EPA Regional Building.
Kansas EPA Laboratory LLC, led by real estate executives Rick Baier and Dan Carr, is overseeing construction of the facility. Baier is managing director for CB Richard Ellis. Carr is a vice president.
CB Richard Ellis will manage the building. Construction will begin in February and take approximately 14 months to complete. Koll Construction LP will serve as the construction company. Hoefer Wysocki Architects will provide designs, along with Clark Enersen Partners engineers.
First year rent is to be about $52.50 per square foot, with a rent increase scheduled for every five years.``It is expensive space for sure,'' Carr said. ``But that tends to be the nature of things when you are building a laboratory.''
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
