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Branching Out, From Deep Roots

After years spent focusing on build-to-suit development and business on its home turf, the Rockefeller Group is making a major push into new markets—and new strategic directions

By sferguson | Updated on September 26, 2017
From left: Rockefeller Group’s Brandi Hanback, EVP of Industrial Development and Head of FTZ, Trade & Logistics; Daniel L. Rashin, Co-President and CEO; and Dan Moore, EVP and Head of Urban Development

The Boro has been the Meridian Group’s baby for years now. A Tysons, VA-based sprawling mixed-use project, the first phase of the Boro consists of 1.7 million square feet of retail, residential and office space. Recently the Bethesda, MD-based company was delighted to be approached by the Rockefeller Group about co-developing a spec office project in the complex that the Meridian Group had already 20% pre-leased.

“They wanted to do a trophy office building in an A plus, urban core location near a metro station,” says Gary Block, chief investment officer of Meridian Group. “So we brought them in. We weren’t looking for a capital partner for this particular deal but thought Rockefeller Group would be beneficial for the project.”

Rockefeller Group was delighted as well. The Boro tower that it is now co-developing represented an important step for the New York City-based company and the new phase on which it is embarking—namely, a major push for urban and industrial speculative development in certain markets across the US . . .

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