RockGroup Finds Success with Federal Contracts

MIAMI-Rockefeller Group Development Corp. is finding success lately in contracting with the federal government, possibly the only tenant prospect not at risk of defaulting on leases in the ongoing recession. The General Services Administration has signed on for the entire fourth floor at Miramar Town Center.

The top-floor space, totaling approximately 15,000 square feet, will be occupied by 70 employees with US Customs and Border Protection, a division of the Department of Homeland Security. Other tenants at Miramar are expected to benefit from the enhanced law enforcement presence at the office segment of the suburban mixed-use project, which is being developed in a joint venture between New York City-based RockGroup and New Hyde Park, NY-based Kimco Realty Corp.

“Given the current economy, government contracts like this one are very attractive,” Edgar Jones, vice president and regional development officer with RockGroup in Miami, tells GlobeStcom. “These days, there aren’t a lot of tenants with good credit and the government’s credit, obviously, is reliable.”