Search
 

Lerner Sets Date for Dulles Town Center's First Office

Speculative project starts office phase.

By Mike Cleary | Updated on July 28, 2000

LOUDOUN COUNTY, VA—Eastern Loudoun County is growing up. Literally. Lerner Enterprises will break ground this September on the first local seven-story, multi-tenant office tower in the Corporate Office Park at Dulles Town Center near Routes 7 and 28.

The 185,000-sf building is the second to get underway in the 4.5-million-sf office park, part of a 554-acre complex of shopping malls, hotels, entertainment venues and residences. A one-story, 95,000-sf building is under construction; eventually six million sf of office space may go up. Lerner won’t comment on costs, but it is asking one of the submarket’s highest rents, $31 per sf full-service. Brokers estimate the area’s vacancy rate at about 4%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.