Tuesday, June 5, 2012

Venture One lands Social Security Administration office job

It has taken a great deal of work, but Shane Murphy of Venture One Properties said he is looking forward to having the Social Security Administration as a long-term tenant in his building in the 2100 block of Channing Way.

Before they were awarded the bid, Venture One worked for three years with the General Services Administration. The remodel will involve 6,100 square feet in the building that also houses the UPS Store and Batteries Plus. The space will be refitted to accommodate about 60 people.

For all the red tape, the upside is 10-year fixed lease with a five-year extension option. Murphy said he expects construction to begin in the fall and to have people moved in by April 2013.