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Colonial Properties Trust Message Board

  • eotruba eotruba May 31, 2005 6:14 PM Flag

    Who will own the gruman site property?

    Will Gruman be a tenent? Is Colonial only acting as the contractor with a one time profit? If tenent what are the terms of the lease? The news release didnt give any info. Anybody know anything? Thanks for any info.

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    • Based on the wording of the PR Newswire report, it sounds to me like its a long term lease from CLP.

      -> from article:
      "We think proactively about our clients," said Bo Jackson, Executive Vice President for Colonial Properties' Office Division. "Northrop Grumman is an existing client, whom we approached with the concept of consolidating their offices into a single, highly efficient, cost-efficient campus."

 

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