ALEXANDRIA, VA—USAA Real Estate Co. is developing a new office building at Hoffman Town Center, on behalf of one of its affiliates. The building is preleased to the National Science Foundation.

Last year the NSF announced it would moving from its current Ballston, VA-based office, to take 660,848 square feet in 2017 at the Hoffman Town Center complex, at a rental rate that is more than 30% below the market rate. It wound up being the largest lease for the year in Northern Virginia, according to Cushman & Wakefield

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