No preleases have been signed yet, R. William Hard, Executive Vice President of LCOR, tells GlobeSt.com, "but there are several active prospects and we hope to have some tenants in place soon." The asking rate for the two buildings ranges between $42 per sf to $44 per sf, he adds.
[IMGCAP(2)]LCOR knows this market well; it is landlord to the Patent and Trademark Office headquarters, which is adjacent to these new buildings. Hard says likely tenants would be private sector firms, possibly companies expanding into NoVA.
LCOR's team for this project includes general contractor Turner Construction and architect Still & Svitchan Associates. Transwestern Retail is providing retail brokerage services; CB Richard Ellis is the office broker. LCOR will own and manage the buildings.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
