UPDATED — The Lux has landed its first commercial tenant.
The federal government’s Defense Contract Management Agency and its 45 employees will be moving into almost 10,000 square feet at the building, which is the former Protection One office at the northwest corner of First and Market.
Developers Robert Eyster and Michael Ramsey are remodeling the 7-story, 171,000-square-foot building into luxury apartments and possible condos and will have commercial space on the first two floors.
Angela Brees, public affairs officer with the General Services Administration, says the government has a 10-year lease on the space, five years of which are firm. She says the total contract value is almost $2.3 million.
The agency currently is at 271 W. Third. Its lease expired, and a bid process was held for a new lease.
“This was the most cost-effective option,” Brees says.
She says the agency will move into the Lux in late August.