Inviting, Effiicent Build to Suit Office Campus
Lowe was selected by Northrop Grumman Corporation to develop a build-to-suit facility in the 1,000-acre Colorado Springs Airport Business Park. The three-story, Class A, 131,000 square foot building was developed on land leased from the Colorado Springs Airport Authority on a 50-year ground lease with an opportunity to extend to 99 years. The building features inviting and efficient space that not only met the specific needs of Northrop Grumman but also provided a premier environment by any measure, with contemporary design, large, flexible floor plates and majestic mountain views. This high-tech, state-of-the-art facility provides a superior work environment for the employees and offers operating efficiencies for Northrop. One of the largest defense contractors in Colorado Springs, Northrop Grumman consolidated its operations in the area, bringing 400 employees from eight separate local offices to the new property. The building was sold to a specialty office real estate investment trust in summer of 2008.