Industry News

The Pentagon anticipates proceeding with its renovation. The announcement of a $620 million contract award to the developer/architectural team of  Colorado-based Hensel Phelps is expected. The 12 to 14 year project would include the reconstruction of 4 million sf in four wedges of the five-story building, each wedge housing approximately 5,000 employees. In addition to Hensel Phelps Construction, the project team includes Shalom Baranes Associates, HDR Architecture, MC Dean, Studio Architecture, and Southland Industries.

Deere & Co., based in Moline, Ill., moved into a 12,500-sf training facility in August at the Commonwealth Park II development in Morrisville, a short distance from Cary, N.C., where the company is building a new division headquarters. Three classrooms, three labs, a conference room plus some unfinished space will provide product training space for the company's employees. At build-out, the company's nearby Cary campus will house up to 2,000 employees.

 Answerthink Inc., a computer consulting company based in Miami, has plans for a new headquarters at O'Neill Properties Group's Millenium project. The facility, dubbed 'Technoplex', will accommodate a computer operations center, an advanced R&D facility, and space for training and educational activities. Approximately 180 employees will be employed at the new building.

 Bank of America, headquartered in Dallas, has awarded Trammell Crow a multiyear, multimillion dollar contract to handle leasing and management for the bank nationwide, which encompasses 40 million sf of real estate in 23 states. This is the largest real estate outsourcing contract in Trammel Crow’s history, and will cover everything from HVAC maintenance to site locations for new branch banks.