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6/17/13
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In notable development news out of Salt Lake City, UT, Drawbridge Realty Trust LLC has begun construction of an 88.5k sf, two-story office and research facility at Airport Technology Park, a 90-acre biz campus the company has owned since 1998. The 5.2-acre dev site, located at 560 North 2200 West, was previously undeveloped.
L-3 Communications Corporation has pre-leased the first floor of the new building after inking an expansion deal for another 40k sf of space on the campus. L-3 is a niche defense contractor specializing in surveillance and reconnaissance electronics, and is one of Salt Lake City’s largest employers. The company has committed to a long-term lease for approximately 52 percent of the building, beginning in September of this year.
Construction is expected to be completed in August 2013. The first floor of the building will be comprised of high technology microwave testing and laboratory space with supporting offices. The second floor is anticipated to be primarily office space.
GSBS Architects, a firm with an emphasis on sustainability, designed the building. The general contractor is Sahara Construction Company. When construction of the new building is completed, the total square footage of the park will be 1.03 msf.
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