The development of the CSC building is the largest private-sector real estate office investment in Prince George's County's history. CSC, in partnership with several other high-profile tech firms including IBM, SAIC and Unisys, recently won a long-term contract with the IRS to modernize its computer systems.

Construction of the CSC building, which is being developed by Berman Enterprises, is expected to begin in late summer and be finished within 18 months. It will include 325,000 sf of office space and the financing represents just under $130 per sf. CSC and its partners will occupy the building under a 10-year lease, according to John B. Levy & Co. officials.

"Development in Prince George's County continues, seemingly unaffected by the general downturn in the technology sector," says John B. Levy, president of John B. Levy & Company. "The building of the new CSC facility is a perfect example of what makes Washington metro area real estate strong – blue chip firms working with the federal government."

During the past year, Richmond-based John B. Levy & Company raised more than $150 million in financing for businesses in the DC metro region, including $120 million in re-financing for a group of six office buildings for BRIT Partnership, a $12 million data center financing for DataCentersNow and non-recourse construction financing for an affiliate of Goldman-Sachs on a building in Columbia, MD.