PROJECT OVERVIEW
Scott Koethe and Mike Earl were hired by the asset manager for the TIC that owned 3200 Samson Way, a 116,946 SF office building. The property was built for and still occupied by Northrop Grumman. The transaction involved extending and modifying the terms of Northrop Grumman’s lease in order to make the property more attractive to prospective buyers. The seller had several good offers to choose from; the transaction was closed on time and for top dollar. The buyers plan to locate some pad site users for the extra land on the site, to increase the value and add some amenities for the current occupants.