Office

WASHINGTON, DC-In a deal between seller F Street Group and buyer Grosvenor Atlantic Ltd. the building at 1777 F St. gets snapped up for $17 million. The structure is currently valued at $10.5 million and is fully occupied by Federal Housing Finance Board through 2006.

AUSTIN-Cousins Properties signs the largest tenant so far for the roster at its 525,000-sf Congress at Fourth, slated to deliver in November. Graves, Dougherty, Hearon & Moody law firm, signing for the long term, takes the pre-leasing level to 27%.

WASHINGTON, DC-The Atlantic Building is in for a renaissance, as CarrAmerica Realty Corp. and Douglas Development announce their plans to redevelop and expand the historic downtown structure at 930 F St. Upon its scheduled 2005 completion, the corner property will feature 290,000 sf of office and retail space.

SACRAMENTO-The California Department of Food and Agriculture is opting for an expensive relocation plan during its 18-month renovation, which will completely transform the department's 76-year-old building. The double move is estimated to cost an extra $900,000, which opponents say is unnecessary.

ARLINGTON, VA-Developers of One Liberty Center are now in receipt of a financing package for the amount of $76.6 million. The 315,000-sf office building is just one phase of a multi-faceted project that will result in the 1 million-sf mixed-use development Liberty Center.

DALLAS-The slug-it-out times of this year are going to continue well into 2003 for the Dallas-Fort Worth office market, say two of the region's seasoned executives. The New Year will be one of renewal...lease renewals, that is.

PHOENIX-MEGA Life and Health is taking over 75,011 sf in the 138,000-sf Concorde Corporate Center in a 10-year lease. A company, bought earlier in the year, will be consolidating its offices into the single location and gaining some room in the process.

CHICAGO-A joint venture between the Wells Real Estate Investment Trust and Wells Limited Partnership Fund XIII pays $124 per sf for a four-story building in the Crosspoint Business Park in northeast Indianapolis.