Gaspee acquired the asset at a 50% discount to replacement cost and is managing the construction of 23,000 sf of tenant improvements for the federal government.
With new leases in place at the time of acquisition, Gaspee was required to facilitate the bidding process, temporary relocation, and construction of 23,000 sf in tenant improvements for two of these federal agencies. The project is set to be completed in the first quarter of 2024.
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