Case Study – Build-to-suit

Parkersburg, West Virginia

79,839 RSF Phase 1
49,735 RSF Phase 2

Project Type
5-story office building

Program Elements
6.12 Acres
129,574 rentable square feet

Development & Financing Services
Development Management
Construction Management

Project Schedule
Inception: 2003
Anticipated Completion:
Phase 1 – 2004
Phase 2 – 2005

A member of our firm lead the development and financing of this two-phase, 129,574 square foot build-to-suit for the GSA Bureau of Public Debt. Phase 1, a 79,975-square-foot building was built on the former CSX lot at Fourth and Avery streets, a six-acre parcel acquired by eminent domain by the City of Parkersburg. Occupancy of phase one of this five-story office project occurred in October 2004.

Parkersburg, West Virginia is approximately 320 miles west of Washington, DC on the Ohio River. The Bureau of Public Debt, part of the treasury department, is the country’s Savings Bond records keeper. The bureau’s primary operations have remained in downtown Parkersburg since the 1950’s. The federal agency employs 1,800 people nationwide with about 80 percent working in Parkersburg. About 250 employees in the bureau’s Administrative Resource Center in the Hintgen and Park Center office buildings will work in the new building. The project also will allow for two additional phases of future expansion.