The six, which are expected to occupy the building in June, are: ViaGlobal, which took 6,007 sf; Bignell Watkins Hasser, which is occupying 15,051 sf; Wrightwood Capital will be in 2,200 sf; Norden Tankers and Bulkers took 3,784 sf; Wood MacKenzie, 8,732 sf, and Towne Park inked a lease for 12,207 sf. Merrill Lynch expanded into 3,351 sf. Existing office tenants include SensorCom, Building Owners & Managers Institute, Merrill Lynch and Pharmathene.
Jeff Bach and Joe Ruzecki of CB Richard Ellis are handling the office leasing. Asking rates for the building are $30 per sf to $35 per sf, full service, Bach tells GlobeSt.com.
 Park Place |
With the first building close to 90% leased, he doesn't anticipate that demand will not meet up with the forthcoming supply. "Demand is coming from mid-sized users in this market," he says. "There are few full floor users; rather, we are seeing more activity in 5,000-sf to 15,000-sf user base."
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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.
