The newly signed triple net deal at 300 N. Wakefield Dr. here extends over the next 10 years. A spokesman for AFR declined to give the asking rate of the facility but he did tell GlobeSt.com that the lease contains yearly rent bumps.
Comcast will be making some modifications to the building, he continues. "But the primary reason why they chose this building was because it was a perfect match for their expanding customer needs." The building includes in-place workstations and furniture, as well as 700 parking spaces and three 1,000 KVA back-up generators.
The space was a former call center for Bank of America that AFR acquired in October 2004 as part of a 7.3-million-sf portfolio that included 248 properties, 191 of which were bank branches, and 57 office buildings. Bank of America occupied 300 N. Wakefield Dr until Dec. 31, the spokesman says.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
