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Brandywine Plans Spec Project

HERNDON, VA-Development of a 267,400-sf spec office building, South Lake at Dulles Corner, is currently in the works. The office facility will be the fourth structure to be developed by Brandywine Realty Trust at the two million-sf mixed-use Dulles Corner office park.

By Barbra Murray | Updated on April 28, 2006

HERNDON, VA-Brandywine Realty Trust will move forward with the development of a 267,400-sf spec office property here. South Lake at Dulles Corner will be the REIT’s fourth structure at the two million-sf mixed-use Dulles Corner office park.

Prior to Brandywine’s acquisition of Prentiss Properties earlier this year, development of the office building had been in the works under Prentiss Properties back in 2000, pending a major lease agreement. The development was tabled due to a softening of the market in the area at the time. The vacancy rate in the Reston/Herndon submarket is currently 9.9%, according to GVA Advantis’ First Quarter 2006 Washington, DC Metropolitan Area Market Review.

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