Wendell Wood has at last gotten a lease for 40,000 square feet of rental space to be used by the National Ground Intelligence Center (NGIC), a lease he has long been hoping for (and which he suggested to the county Board of Supervisors in August was all but guaranteed). On November 30, the U.S. General Services Administration awarded Wood’s company, United Land Corporation, a 10-year lease worth roughly $14.8 million, an annual rate of about $37 per square foot. Perhaps that will help assuage Wood, who sold 47 acres in 2006 to the National Ground Intelligence Center for the supposedly undervalued price of $7 million and has been waiting to get land moved into the growth area in return. Wood is banking for more contracts—in requesting the rezoning from the supervisors, he was approved for a total of 180,000 square feet of office space and a 120-unit apartment building, all of which he suggested would be leased for NGIC’s use.
C-VILLE welcomes news tips from readers. Send them to news@c-ville.com.
