Thursday, November 08, 2007

FBI Enters $60 Million Build-to-Suit for Regional HQ in Knoxville, TN

Knoxville News Sentinel - November 6, 2007

The FBI has outgrown downtown Knoxville and plans to leave in favor of a new, three-story regional field office in West Knoxville that will cost nearly $60 million.

Last month, a Cleveland, Ohio-area developer purchased 9 acres of land in the Dowell Springs Business Park off Middlebrook Pike that will eventually be home to a 99,130-square-foot office building for the agency.

In addition to employees from the Duncan building, the Dowell Springs office also will be home to employees from the FBI's Joint Terrorism Task Force that is in a West Knoxville office building and counter-intelligence agents in Oak Ridge. Lambert said the building should be finished in March 2009 and will house approximately 150 people.

The building will be developed by Carnegie Management and Development Corp. of Westlake, Ohio. According to a news release from the General Services Administration, the project has a 15-year lease value of $47.4 million.

Robert Berryhill, an executive with Carnegie, said his firm will own the building and the government will lease it for that amount. Berryhill said the total construction cost will be $58 million, and his firm plans to break ground in January. Sphere: Related Content

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