Spec Old Town Office Delivers 70% Preleased

ALEXANDRIA, VA-Carr Properties delivered a spec office building in Old Town Alexandria on New Year’s Eve nearly 70% preleased, according to the broker representing the building. “For a spec building to deliver in this economy with more than half of the space released at pro forma rents is an achievement,” Spencer Stouffer of Cassidy & Pinkard Colliers, tells GlobeSt.com. Cassidy & Pinkard Colliers is changing its name to Cassidy Turley on March 1.

Located at 1701 Duke at Edmonson Plaza, asking rates for the five-story, 115,000-square-foot office building are $33 per square foot, triple net, Stouffer says.Last year, http://www.globest.com/news/1340_1340/washington/176692-1.htmlthe Council on Social Work Education signed a lease to occupy 13,859 square feet at building. At the end of last year, the Burgess Group signed on to occupy 16,000 square feet. Most recently, accounting firm Kearney & Co. said it was relocating and expanding its headquarters — moving from its 20,000-square-foot home in the nearby Park Center development to 38,000 square feet at the Edmonson Plaza.