Friday, December 28, 2007

FBI Enters $100 Million Build-to-Suit For Denver HQ

CoStar Group - December 26, 2007

Alex S. Palmer & Co. has emerged as the winner of a $100 million contract with the General Services Administration (GSA) to develop a new office building in Denver for the Federal Bureau of Investigation (FBI).

The Nashville-based development group was awarded the contract after a more than six-month competition with national developers including Hines International, Opus Group, Highwoods Properties and CB Richard Ellis.

"A competitive procurement was conducted by GSA that included several other distinguished developers from across the country," GSA Contracting Officer Mark Pearce said in a statement.

Under current plans, Alex Palmer & Co. will develop a 216,322-square-foot office building with expansion rights up to 292,034 square feet, as well as an adjoining parking garage. The new facility will sit on a 10-acre FBI campus at the former site of the Denver Stapleton Airport. It is expected to achieve LEED Silver certification from the U.S. Green Building Council.

The FBI has signed a 20-year lease with Alex Palmer & Co., which will own the building. Ground breaking is planned in the second quarter of 2008, with completion slated by the end of 2009.

The building is part of a broader effort to replace outdated FBI offices in several cities with state-of-the-art facilities. Its glass exterior and energy efficient design also signify another step toward more modern and eco-friendly government buildings.

Peter Ruggiero, a partner with Chicago-based Skidmore Owings & Merrill and the designer of 7 World Trade Center in Manhattan, will lead the design team for the project. Bovis Lend Lease will serve as lead contractor.

Alex Palmer & Co. has built other federal buildings in recent years including the Veterans Administration building in San Diego, a government office building for the County of Alameda in San Francisco, and the IRS building in Fresno, CA. Sphere: Related Content

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