The 375,000-sf project, estimated to cost up to $120 million, isscheduled for completion in August 2001. The law firm Sidley &Austin will occupy more than half the building.

Office tenants absorbed more than two million sf in Washingtonduring the first half of the year, shaving the vacancy rate to3.9%, according to research firm Delta Associates. That is thelowest vacancy rate the city has ever seen, and one of the lowestin the country.

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