- The Washington Times - Monday, July 9, 2001

A Chantilly computer security firm is moving into eastern Loudoun County, an industrial area that builders believe will

be transformed as technology businesses drift closer to Washington Dulles International Airport.

Crypteck Secure Communications will lease 40,300 square feet of office space at Moran Technology Center, 162,300-square-foot building near the airport and a proposed Metrorail station.

The Moran property "is situated directly in the path of growth," says Robert Buchanan, a principal in Buchanan Partners, a Gaithersburg development company that bought the building last fall with a Dutch investment firm.

"Few people realize that much of eastern Loudoun County is actually undergoing redevelopment, with high-tech and professional users replacing the earlier industrial tenants," he says.

Buchanan plans to renovate the warehouse space in the 20-year-old Moran Technology Center. It also wants to upgrade the building's exterior, add loading docks and improve parking and landscaping.

The Moran Technology Center was previously used to manufacture satellites and antennas. Fiber optic lines cross the property in two locations, Mr. Buchanan says.

Buchanan has helped develop more than 5,000 acres of land and more than 1.5 million square feet of commercial space throughout the Washington area. Its other projects include Lakeside, a 300,000-square-foot office complex on Route 7 near the Dulles Town Center.

Acterna's Milestone

A trio of developers is building a 130,000-square-foot office and manufacturing building in Germantown for Acterna, an optical network testing company.

The building will be the second phase of Acterna's 44-acre campus in the Milestone Business Park off Interstate 270.

Milestone Industrial, a joint venture of the Peterson Cos., the Foulger Pratt Cos. and Argo Investment Co., is developing the two-level building. Tucon Construction of Sterling is the contractor.

Construction is under way and expected to be completed during the first three months of 2002.

Charming concierge

Corporate Office Properties Trust has chosen Charm City Concierge to service its tenants in the Airport Square business park in Columbia.

The real estate investment trust owns 22 buildings with more than 1.5 million square feet in the park, which is near Baltimore-Washington International Airport.

The concierge will offer a range of services for tenants, including catering, floral delivery and booking hotel rooms and tickets for sporting events.

"The availability of concierge services at Airport Square blends perfectly with our corporate philosophy to meet the total needs of our tenants and its employees," says Jud Williams, vice president of Corporate Office Properties.

In other news

• Parsons Management Consultants has signed a long-term, $15 million lease for 56,000 square feet in the Dulles East Building in Sterling, Va. The engineering consultants will take the second and third floors in the building, which is owned by Velsor Properties. Local brokerages Julien J. Studley and Spaulding & Slye arranged the deal.

• Monument Realty has started construction on Ballston Point, an 11-story, 258,000-square-foot office building at the intersection of Glebe Road and Wilson Boulevard in Arlington. Monument's partners are Apollo Real Estate Advisors and Prudential Insurance. The $50 million project will have 239,000 square feet of office space, 19,000 square feet of first-floor retail space and a 490-space underground parking garage.

• Manekin, a developer in Columbia, Md., has completed construction on the 40,000-square-foot Johns Hopkins University Applied Physics Laboratory in North Laurel. The school will lease the building in the Montpelier Research Park.

• Clark Construction Group of North Bethesda built ETrade Bank's new 120,000-square-foot office in the Ballston Tower building in Arlington. Studio Architecture of the District designed the $15.5 million project.

• Clark Construction has also completed the Nigerian Chancery, a 70,000-square-foot space at the State Department's Chancery Center at 3519 International Court NW. Shalom Baranes Associates, the chancery's architect, designed the space.

• Chris Baker can be reached at 202/636-3139 or cbaker@washingtontimes.com.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide