Groundbreaking Imminent on 82,000-SF Office BTS

CHANDLER, AZ-Ground will break within 30 days on an 82,000-sf build-to-suit for Orbital Sciences Corp. Slated for completion by late September 2009, the building will sit on 3.5 acres beside Orbital’s 355,200-sf campus.

Gilbane Development Co. of Providence, RI secured a 10-year lease from Dulles, VA-based Orbital for the project at 3377 S. Price Rd. Orbital also leases the campus next door, which is owned by WP Carey & Co. LLC of New York City, and an additional 172,500 sf of office space in other buildings in the Southeast Valley.

“We’re definitely out of room,” Jerry McCormick, first vice president in Phoenix for CB Richard Ellis, says about the need for the extra room. He and CBRE senior vice presidents Kevin Cosca, Pete Wentis, John Werstler, associate Seth Garrett and client services specialist Jackie Orcutt teamed with CBRE executive vice president Cathy Delcoco and senior vice presidents Bradley Davis and Meredith LaPier in Tyson’s Corner, VA to work out the real estate decision.