Northrop Grumman leases 99,359 square feet in Interquest

Northrop Grumman will occupy the entire first floor of the two-story, 191,384-sf office/ flex building, where the second floor is available for lease.

A global aerospace and defense technology company is growing its presence in Colorado Springs.

Northrop Grumman Systems Corp. leased 99,359 square feet of office space at 10125 Federal Drive in Interquest.

“Anytime you can secure a Fortune 120 company to a long-term lease for approximately 100,000 square feet, you feel pretty good,” commented John Fefley, senior director with Flywheel Capital, which owns the building, along with its connected sister building in northern Colorado Springs. “But to do it in the middle of a pandemic, you feel that much better about it. I’m very appreciative of the team effort involved in closing the transaction.”

Colorado Springs Commercial, a Cushman & Wakefield Alliance’s Greg Phaneuf and Peter Scoville represented the landlord, Flywheel Interquest, in the transaction. Tom Lepry of JLL represented the tenant, which will utilize the space in support of its government contracts.

Northrop Grumman will occupy the entire first floor of the two-story, 191,384-sf office/ flex building, where the second floor is available for lease.

It is anticipated that Northrop Grumman will install a sensitive compartmented information facility area within the building, which was constructed in the mid-1990s. The lease is part of the firm’s expansion within the marketplace.

The property includes Class A office finishes and is located in the heart of one of the city’s most active submarkets.

The Federal Drive building is part of a two-building office property Flywheel Capital purchased for $27.9 million in 2018. At one time, Quantum occupied those buildings and 10205 Federal Drive, all of which were part of a threebuilding connected property in Interquest. The third building previously sold to a church.

Featured in the September 2-15, 2020, issue of CREJ

Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and industrial news in the Denver metro area plus all property types in Colorado Springs, Southern Colorado, mountain towns and the Western Slope. She also handles High Fives news for the paper and is editor of the Health Care & Senior…