Thursday, April 29, 2010

When a Spec Building Is No Longer a Spec Building

Building on speculation is always a scary proposition.  It invites naysayers and people who, often unrealistically, expect vacant space to be filled right away.  It carries great financial risk.

Nonetheless, the Port Authority embarked on building a new office and clean room building and committed to build it, even, without a tenant.  It was speculative from the get go.

Today, we are announcing that Goodrich Corp. has inked a deal with the Port Authority to be the first customer in our new office/clean room building.

So, thankfully, our spec building is no longer a spec building.

Though, I'd be remiss if I didn't add that the 17,000+/- sq ft on the second floor as well as four office suites and five clean room portals are still available.

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