ARLINGTON, VA-As we reported yesterday, a Shooshan affiliate and Brandywine Realty Trust are partnering to develop 4040 Wilson Blvd. All the pieces are in place, including the construction finance, except the anchor tenant.
At this moment, there is nothing pending, Kevin Shooshan tells GlobeSt.com. "Nothing we haven't told the market about, nothing in negotiations right now," he says.
Shooshan says the asking rates for the building will be between $52 to $56 per square foot.
4040 Wilson Blvd. will be a 20-story, 426, 900 square-foot office building. It is the final phase in Shooshan's eight-building, 2.25-million square foot mixed-use, Liberty Center complex that is located within walking distance of the Ballston Metro Station.
Brandywine and the Shooshan affiliate will each own a 50% stake in the project. Read more about the project in our earlier article, here.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
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.
