two class-A officebuildings in the Carlyle area of Alexandria. The four-storyoffice and retail buildings are located at 1920 and 2050 BallengerAve., and were developed for a combined $58 million. Ready foroccupancy the buildings are delivering 91,000 square feet of officeand 37,000 square feet of retail into this submarket. The companyis actively marketing the sites right now.

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A close in suburb to DC, Alexandria's vacancy rates haveremained stable through the third quarter, according to a GVAAdvantis report. They were registering 5.3% by the end ofSeptember. Still, though, most tenants here--and through theDistrict--are more than likely to opt to renew current leasesinstead of move to new buildings.

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Recent leases inked here, according to GVA Advantis, includeReed Technology Services, which signed a pre-lease for 34,600square feet at 2331 Mill Rd.; HumRRO leased 13,691 square feet at66 Canal Center Plaza; Morgan Stanley renewed for 12,107 squarefeet at 1737 King St.; and Commonwealth Trading leased 11,400square feet at 300 North Lee St.

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Asking rates have decreased over the last year from an averageof $32 per square foot to $31.70 per square foot, the report alsofound. LCOR's project team included general contractor TurnerConstruction and architect Still & Svitchan Assoc. TranswesternRetail is providing retail brokerage services, with CB RichardEllis serving as office broker. LCOR will manage the buildings. Thecompany was not able to speak with GlobeSt.com in time forpublication.

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