Thursday, November 26, 2009

NOAA Stays Put in World Wx Building

"The National Oceanic and Atmospheric Administration has extended its lease at its World Weather Building in Suitland, providing an alternative for space as its legal dispute over a new College Park location drags on with the bankrupt Opus East, according to Grubb & Ellis Co., which represents the current landlord.

"The agency will remain for an unspecified time at its longtime home of the National Centers for Environmental Prediction and the National Weather Service. NOAA occupies the 137,004-square-foot facility at 5200 Auth Road.

"Opus East stopped work this summer and sued the General Services Administration for back payments on the College Park project, which was nearly completed. Opus said it put more than $36 million into the complex but that the GSA held up payments over disputed add-on work. The resulting liquidity crunch contributed to Opus Corp. of Minneapolis declaring bankruptcy for Opus East of Rockville."
Source...

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