Corporate Center One was the first of the four structures to go up and was constructed in 1983. It offers 103,000 sf over four floors, and the 105,000-sf, four-story Corporate Center Two was completed in 1987. In 1991, the third of the park's buildings opened up with 134,000 sf over five floors and the fourth building, also five-stories high and consisting of 106,800 sf, was finished in 1994. Corporate Center tenants include companies such as Telogy Networks, Inc., Booz, Allen & Hamilton, and the US Department of Energy and Science Applications International. Rent for space in the buildings generally ranges from $22 to $24 per-sf.
The asking price when the property was marketed last June was about $58 million. The Morgan Stanley partnership had put the property on the market once before for a short time in the fall of 2000. Jones Lang La Salle has always carried the listing on behalf of the partnership. "Not withstanding the troubles that the market and the economy were in the fourth quarter, prices remained stable in the I-270 Corridor," Jones Lang LaSalle senior vice president Brand Heming tells GlobeSt.com. "We didn't see a drop-off in interest off the I-270 corridor, as opposed to other suburban markets."
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