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Monday, April 13, 2009

Pizzuti develops Kennedy Space Center Office Park

KENNEDY SPACE CENTER - ORLANDO, Florida – Our Net Lease Properties information is coming from KENNEDY SPACE CENTER. Space Florida has announced that it has selected The Pizzuti Companies to enter into a Master Development Agreement to design and build Exploration Park. This Commercial Real Estate is a next generation research park at Kennedy Space Center.

The site work is expected to begin later this year, and the first Investment Property to be constructed will be a 25,000 square feet building. This Investment Property will be expandable eventually to 50,000. Tom Harmer, senior director of public-private projects for the Pizzuti Cos., will manage the project. Working with Pizzuti will be Jones Edmunds & Associates handling engineering, O'Brien/Atkins Associates and HuntonBrady Architects, doing the design. The Investment Property will have Rush Construction as the general contractor.

For the past 20 years, Pizzuti has worked in the Florida market with projects such as Heathrow International Business Center in Lake Mary. In February 2009, The Pizzuti Companies announced plans to develop an Investment Property which will be a Class A office building. That Investment Property will be located on Orange Avenue in downtown Orlando.

Pizzuti was ranked number one of three Florida-based companies following Space Florida’s Request for Proposal in January, which was publicly posted on the Space Florida website for 30 days.

NASA and Space Florida entered into a long-term land use agreement in December for this Commercial Real Estate which is a 60-acre site. On this Commercial Real Estate Site will have Exploration Park constructed. The Investment Property is located outside KENNEDY SPACE CENTER’s restricted access area.

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