Branching Out, From Deep Roots

From left: Rockefeller Group’s Brandi Hanback, EVP of Industrial Development and Head of FTZ, Trade & Logistics; Daniel L. Rashin, Co-President and CEO; and Dan Moore, EVP and Head of Urban Development

The Boro has been the Meridian Group’s baby for years now. A Tysons, VA-based sprawling mixed-use project, the first phase of the Boro consists of 1.7 million square feet of retail, residential and office space. Recently the Bethesda, MD-based company was delighted to be approached by the Rockefeller Group about co-developing a spec office project in the complex that the Meridian Group had already 20% pre-leased.

“They wanted to do a trophy office building in an A plus, urban core location near a metro station,” says Gary Block, chief investment officer of Meridian Group. “So we brought them in. We weren’t looking for a capital partner for this particular deal but thought Rockefeller Group would be beneficial for the project.”