(Read more on the debt and equitymarkets.)
TYSONS CORNER, VA-MetLife Real Estate Investments has placed a$105-million, 14-year, fixed-rate construction/permanent mortgageon Park Place II, an 11-story, 312,897-sf, class A building underconstruction here.
The building, located at 7930 Jones Branch Dr, is a signaturedevelopment of the Washington, DC-based B.F. Saul Co., which hasapplied for LEED Silver certification for the building--the firstin the Tysons Corner submarket. The project architect is Leo A.Daly, Inc., and the General Contractor is Clark Construction GroupLLC. The building is expected to deliver in the second half of2008.
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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.
