Featured Recent Transaction:

National Oceanic and Atmospheric Administration (NOAA)

Lessee: National Oceanic and Atmospheric Administration (NOAA)
Date: December 2017
Location: Grandview, MO
Square Footage: 225,617 SF
Lease Term: 18 years

Originally built-to-suit for NOAA and completed in November 2015, CRIC2 Funds acquired the National Logistics and Reconditioning Center, demonstrating its expertise in underwriting government leases.  With just under 18 years remaining on the existing, original 20-year lease, the property is leased to NOAA through the General Services Administrations (GSA) and backed by the credit of the United States Government. With over 12,000 civilian employees, NOAA, a federal agency within the U.S. Department of Commerce, is the world’s largest and most comprehensive agency dedicated to weather monitoring and environmental research.  The Property consists of 225,617 square feet of class A industrial distribution space which repairs and warehouses computers, electronics, and radar equipment used by meteorologists to create forecasts and track approaching storms. Building features include state-of-the-art safety and security measures, as well as a commitment to energy efficiency and use of eco-friendly materials. Furthermore, the property represents best-in-class industrial building specifications, including a large dock and drive-in doors, efficient energy systems, and 32-foot high ceilings.