ALEXANDRIA, VA—Akridge'spending purchase of 2800 Eisenhower Ave. is the latestsign of stepped up interest in the Carlylesubmarket. For the past year, ever since the National Science Foundation announced it would take 660,848 squarefeet in 2017 here, interest by companies eitherconnected to the government agency or hoping to capitalize on therenewed energy in Carlyle have been making inquiries andinvestments in the submarket, according to StephanieLandrum, EVP and COO of the Alexandria EconomicDevelopment Partnership.
It is a repeat, in fact, to the wave of development thatfollowed the Patent and Trademark Office when it moved toAlexandria some twenty years ago, she tells GlobeSt.com. "In 20years this area has been transformed from a former railroad yard,landfill and several auto uses into a new city," Landrum says.
Ever since NSF announced its decision—a year ago thisweekend—activity has stepped up and, in some cases, redirected toaccommodate the business.
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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.
