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Towers Crescent Inks Deals for 62,000 SF

WASHINGTON, DC-Grubb & Ellis brokers its own deal in the asset while a law firm signs for nearly 50,000 sf. Both deals are for 10-year holds.

By Marlon Millner | Updated on July 20, 2001

WASHINGTON, DC-Quadrangle Development Corp. has signed leases with two more tenants for the second phase of its Towers Crescent project in McLean, VA, which will be completed in October.

A spokesman for Washington-based Quadrangle says commercial real estate firm Grubb & Ellis Co. and law firm Venable, Baetjer and Howard LLP signed 10-year leases for a combined 62,000 sf of space.

The second phase of the project, begun in April, consists of two buildings reportedly 75% pre-leased.

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