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Metroplex Office Centre Spec Project Proceeds

CONCORD, CA-Colliers International wins the leasing contract for the Metroplex Office Centre, which will consist of class A twin buildings beginning in 2003, when competition is expected to be thin.

By Michelle Savage | Updated on October 12, 2001

CONCORD, CA-Colliers International has been awarded the leasing contract for the two-building, 474,500-sf Metroplex Office Centre. Metroplex Office Office Centre will consist of twin 237,250-sf, 10-story buildings, which will feature two-story atrium lobbies with Italian marble floors and walls. The center will feature a 3.95 per 1,000 parking ratio. The project’s first phase is expected to be available in late 2002.

“This is likely to be the only major speculative office building of this size to be started in Northern California in the next several quarters,” says Scott Ellis, senior vice president at Colliers. “We believe that this is absolutely the right time to begin this project, despite the economic uncertainty. When the first building is delivered in the first quarter of 2003, it will have no competition.”

Ellis says that most conservative forecasts have the Bay Area economy adding jobs by then, adding that Concord’s class A vacancy is only 5%.

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