ALEXANDRIA, VA-MRP Realty has delivered on its first project –the Carlyle Overlook, a 250,000-sf, 14-story office in Old Town Alexandria. Located at 2318 Mill Rd., the firm began development with a pre-commitment from the American Society of Clinical Oncology to buy five floors, or 125,000 sf, Ryan Wade, a principal with MRP, tells

The intention was to lease the remaining space until the building stabilized and then possibly find a buyer for the top floors, he says. Then, a new buyer–Mass Mutual–stepped up recently to acquire the upper five floors. Each firm paid approximately $50 million for their halves, an industry source tells

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