- The Washington Times - Monday, August 13, 2001

The developers of the popular Plaza America office complex in Reston say they will complete construction on the project's latest buildings ahead of schedule.
Atlantic Realty Cos. of Vienna and New York-based Intertech Corp. say the last two towers in the four-building complex will be completed during the first three months of 2002. The buildings were not expected to be finished until later next year.
"The entire 1.2 million-square-foot Plaza America complex is being delivered and leased in only six years, a phenomenal development track record," says David Ross, president of Atlantic Realty.
The first two Plaza America buildings opened in 1999 after years of planning. Those buildings attracted big-ticket technology tenants like DynCorp and Cable & Wireless, which also plans to lease 275,000 square feet in the third tower.
The third building will have 14 floors and 287,000 square feet of office and retail space. The fourth building will have seven stories and 189,500 square feet; the Sam & Harry's restaurant chain plans to lease 11,430 square feet on the ground floor.
When complete, the $225 million Plaza America complex will have 983,000 square feet of offices, 165,000 square feet of shops and restaurants and 4,000 parking spaces. The developers have also spent $2.5 million to create a landscaped park complete with a 10-foot waterfall near the complex.
Brokers say Plaza America is one of Northern Virginia's most attractive commercial properties. Last year, the Greater Washington Association of Commercial Realtors named the complex the best new office development in the region.
Vicki Salamon, Intertech's marketing director, says the project is unique because it has a downtown feel, even though it sits in the middle of suburbia. Plaza America also benefits from its location near the Dulles Toll Road, "the main street of Northern Virginia's economy," she says.
Interior renovation
The federal General Services Administration, the government's real-estate arm, has given Grunley Construction of Rockville an $18.6 million contract to renovate the Interior Department building at 1849 C St. NW.
Grunley will handle the first phase of the renovation, which is scheduled to conclude in 2008. The first phase involves adding new heating, ventilation and air-conditioning equipment in the building's basement and mezzanine levels.
The headquarters was built in the 1930s and is on the National Register of Historic Places. About 2,500 employees work in the building, which has 1.3 million square feet.
President Franklin Roosevelt's Interior secretary, Harold L. Ickes, personally supervised construction of the building. It was the first federal office to feature central air conditioning, and is known for its rich paneling and murals.
"Now it will finally receive its first major modernization," says Tony Costa, the GSA's assistant regional administrator for public buildings.
Moving on
Robert McLean III, a longtime Cushman & Wakefield executive in McLean, is leaving the brokerage to become chairman of a Cambridge Institute for Applied Research affiliate.
Mr. McLean spent 30 years with Cushman, most recently as its vice chairman of business development and public affairs. He helped the New York firm expand into Philadelphia, Pittsburgh and Washington and was involved in several local civic groups.
In other news
D.C. brokerage Cassidy & Pinkard has arranged $22 million in first mortgage financing for 3190 Fairview Park Drive, a 234,809-square-foot office building in Merrifield. An affiliate of Portland, Ore.-based Pacific Realty Associates was the borrower. Prudential Mortgage Capital provided the financing.
Cushman & Wakefield will handle leasing for Oakbranch Plaza, an office building at 1801 Robert Fulton Drive in Reston. The five-story building is now fully leased, but is expected to have 83,700 square feet available in January.
Spaulding & Slye Colliers has arranged a $9.6 million fixed-rate permanent loan for Guardian Realty to purchase an office building at 1140 19th St. NW. A German investor previously owned the nine-story building, which has 65,571 square feet. It was built in 1978 and renovated in 1994.
Sheridan Development of Bethesda has broken ground on a three-level, 18,000-square-foot office building near the intersection of Route 7 and Potomac View Road in Loudoun County. Local brokerage Randall Hagner will handle leasing for the building, which is expected to be used as medical offices. Construction is scheduled to conclude in October.
Chris Baker can be reached at 202/636-3139 or [email protected]

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