LCOR Delivers Alexandria Offices

ALEXANDRIA-LCOR has completed construction of two class-A office buildings in the Carlyle area of Alexandria. The four-story office and retail buildings are located at 1920 and 2050 Ballenger Ave., and were developed for a combined $58 million. Ready for occupancy the buildings are delivering 91,000 square feet of office and 37,000 square feet of retail into this submarket. The company is actively marketing the sites right now.

A close in suburb to DC, Alexandria’s vacancy rates have remained stable through the third quarter, according to a GVA Advantis report. They were registering 5.3% by the end of September. Still, though, most tenants here–and through the District–are more than likely to opt to renew current leases instead of move to new buildings.