The complex will be located at Duke's Mark Center--a decisionthat was reached after a competitive bidding process betweencommercial real estate developers and existing government-ownedsites throughout Northern Virginia. Mark Center is a 350-acremixed-use campus at the intersection of I-395 and Seminary Rd.
The project is being managed by the US Army Corps of Engineers.It falls under the auspices of the 2005 Base Realignment andClosure Commission (BRAC) recommendation #133--namely, therelocation of various Department of Defense agencies' from leasedspace in Northern Virginia. The development agreement was signed atthe end of November.
Duke already owns, leases and manages nearly 1.3 million squarefeet in 12 office buildings at Marks Center. Duke did not return acall to GlobeSt.com in time for publication.
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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.
