Located at 2900 South Quincy near I-395 in Arlington, Quincy Tower is just over one year old, with construction having begun in January 2000 and completion having taken place in 2001. Over its eight floors, the mid-rise building offers 233,240 sf of Class A space; 218,000 sf in office space and 15,240 sf in retail space. Monument spent about $21 million to develop the property, which is currently assessed at a value of nearly $37.4 million. The three structures in the 90-acre Presidents Park business compound--Presidents Park I, II and III--are each about 200,000-sf and were completed in 1998, 2000 and 2001, respectively. The first two of the three four-story structures in the Dulles Corridor has an estimated value of $43 million each in 2000. Presidents Park I and II sit on the 13000 block of Sunrise Valley Drive, also known as Horse Pen Road, while the third structure sits at 2525 Network Place.

The buildings have attracted interest in the recent past. It was just two months ago that the World Bank opted out of a plan to buy Presidents Park I. "The purchase of four recently constructed Class A suburban office assets reaffirms our interest in the Washington Metro area," Transwestern CEO Stephen Quazzon. "The continued strength of the Washington area economy and increased federal procurement spending on the horizon makes this a strong value-added opportunity."