NEW YORK, December 19, 2002 – T-Rex Capital, LLC announced today the acquisition of 9220 Godwin Drive, Manassas, Virginia — a 335,662 square foot, mission-critical facility located within a 116 acre secured, corporate campus near the rapidly growing Prince William County Innovation Park, as well as George Mason Universityʼs Center for Bio-infomatic studies. The facility was purchased from Lockheed Martin Corporation for an undisclosed price.
This facility was developed in 1984 by IBM for its Federal Systems Division and subsequently transferred to Lockheed Martin with the sale of that division. The development was part of a larger IBM land assemblage that now houses operations for Lockheed Martin, Micron Technologies, BAE, George Mason University, and others.
Davis Brody Bond, LLP, designed the facility as a high-technology hybrid, by merging a two-story, 64,000 square-foot office building with a 272,700 square-foot single story data center/manufacturing facility. Within this envelope, they installed an array of redundant mechanical systems that provide a unique operating backbone for mission critical functions. Until its sale to T-Rex, Lockheed Martin used the facility for development of complex computer based systems for government clients.
Cliff Preminger, T-Rex President, said, “Today, mission critical users demand security as well as a unique mechanical infrastructure, ideally in an environment that is already time-tested. IBM did a great job of designing those elements into this facility and Lockheed Martin did an equally great job in keeping the systems current. We feel fortunate to be able to own a facility that has immediate application to so many organizations in the Washington, D.C., area, and we appreciate Lockheed Martinʼs support in making this acquisition possible.”
T-Rex Technology Centers, LLC (an affiliate of T-Rex Capital) is a nationally oriented real estate holding company specializing in the acquisition, development and management of mission critical facilities. The Godwin Drive property is the second former IBM facility to be acquired by T-Rex in the past three years, the first being the 1.8 million square foot T-Rex Technology Center in Boca Raton.
T-Rex Capital, LLC and its affiliates have investments in over 7 million square feet nationwide with a combined value of $600 million. The companyʼs headquarters is at 747 Third Avenue, 24th Floor, New York, New York 10017, with regional offices in Washington, D.C. and Boca Raton, Florida.