WASHINGTON, DC-Real Estate Investment Trusts are moving to the head of the class as two major contribution plan managers introduce new real estate options to their participants. Both the Principal Financial Group and TIAA-CREF are answering their participants' desires for diversification in this high-performance sector.
WARREN COUNTY, VA-Competitive Power Ventures moves forward with plans to develop the CPV Warren Electric Generating Facility on 39 acres in the Warren and Kelley Industrial Parks. The energy plant is designed to be environmentally sensitive.
GLENN DALE, MD-In a sign of the times, shelter and biological decontamination systems provider TVI Corp. moves into a bigger space in a structure at 7100 Holladay Tyler Rd. The company's new home offers 63,000 sf of space to be used for corporate offices and manufacturing.
LARGO, MD-Development of the Metro Blue Line extension to Largo Town Center takes a large step toward completion as joint venture Clark-Kiewit Largo gets going on the $92.8-million construction of the requisite facilities at the Morgan Blvd. and Largo Town Center stations.
RESTON, VA-Sunset Corporate Plaza welcomes new tenant IBM as the computer company leases the entire 100,000-sf office building. IBM committed to occupying the space, which is located in the Dulles Corridor near the Dulles International Airport, for a 10-year period.
WASHINGTON, DC-The 190,000-sf Hechinger Mall opens its doors for new tenant Fashion Cents. The discount fashion retail store will occupy a space on the shopping center's upper level. Safeway and National Wholesale Liquidators are two other mall retailers.
RESTON, VA-Sunset Corporate Plaza welcomes new tenant IBM as the computer company leases the entire 100,000-sf office building. IBM committed to occupying the space, which is located in the Dulles Corridor near the Dulles International Airport, for a 10-year period.
WASHINGTON, DC-After eight years in the office building at 1155 21st St., the Commodity Futures Trading Commission, renews its lease by signing a new 10-year agreement. The company has 162,000 sf in the 260,000-sf building. The deal also gives CFTC the option to expand within the structure.
HOWARD COUNTY, MD-Looking toward the areas future growth, Howard County officials give their approval for Greenebaum and Rose associates to create Maple Lawn, a 507-acre, mixed-use development. Upon completion in 2012, the planned community will offer one million sf of office space, 1,000 new homes, and 150,000 sf of retail space.
WASHINGTON, DC-Washington Gas Light Co. looks to the future with the relocation of its headquarters and sale of its current home. The company pocketed $16.3 million in the transaction and will lease 74,000 sf of space to house its corporate headquarters.