Quadrangle Tops Out Tyson Office

TYSONS CORNER, VA-One of the very few office buildings in this submarket developed for spec has topped out. The 13-story, 295,000-sf 1850 Towers Crescent Plaza is set to deliver in fall 2009. The project team is led by Quadrangle Development Corp., which is developing the building for affiliates of Quadrangle and GM Asset Management. GMAC is advised by AEW Capital Management.

1850 Towers Crescent Plaza will also deliver 14,451 sf of ground-floor restaurant and retail space. Jones Lang LaSalle is leasing the office space, and Asadorian Retail Solutions is leasing the retail space.

Bob VeShancey of JLL tells GlobeSt.com that interest in the office component is very high. “We have over 200,000-sf of proposals outstanding and we are very optimistic on the chances of converting a number of those.”