The estimated hard construction cost of the UPS project is $75 million. The park is within the 1,100-acre mixed-use Barrett development.
Construction is expected to start in November on a 66,000-sf business service/flex building and a 144,000-sf business distribution center. The two structures are scheduled for completion in the second quarter of 2001. Rental rates in the area range between $5.50 per sf and $7.50 per sf.
The park will be the largest developed in the submarket in the past 10 years.
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