- The Washington Times - Monday, May 14, 2001

Lowe Commercial Development says it will complete its new building at 601 New Jersey Ave. NW on Capitol Hill next spring.

Now under construction, the project will be a nine-story, 260,000-square-foot building with views of New Jersey and Massachusetts avenues and F Street.

The building will feature three levels of underground parking.

Lou Christopher, a senior vice president and managing director of Cushman Realty Corp., says the building represents the continued expansion of downtown Washington. Eventually, the "downtown" will stretch from Georgetown to Union Station, he says.

"This is a vibrant area, within a community that stays active well into the evening," Mr. Christopher says.

Capitol Hill is currently home to 3.6 million square feet of premium office space, of which 7,200 square feet or less than 1 percent is vacant, according to local real estate research service Delta Associates.

More than 1 million square feet of new premium office space is now under construction on the Hill, Delta says.

Richard Bradley, executive director of the downtown Business Improvement District, predicts the Capitol Hill office market will be hot for years to come.

"There is strong interest in the north Capitol Hill area. We've seen a number of firms moving to the area, and a lot of development interest," Mr. Bradley says.

The building at 601 New Jersey Ave. is the first project from Lowe Commercial Development, a joint venture by the Teachers Insurance and Annuity Association and Lowe Enterprises, which has its regional office in Northern Virginia.

Design time

Hickok Warner Fox will design offices for two tenants moving to a new Falls Church building.

Velocita Corp., a Northern Virginia technology firm, and DPR Construction, a California company, both plan to set up shop in the 15-story building at 2941 Fairview Park.

Velocita, formerly known as PF.Net, is taking the second, third and fifth floors in the building. The 70,000-square-foot space will enable the company to consolidate its Northern Virginia-based staff into one location.

Currently, Velocita has a dual headquarters in Herndon and Reston.

The new space, which also includes a 3,500-square-foot network operations center, will be complete in September, Hickok Warner Fox says.

DPR Construction, which specializes in construction for corporate-style users and technology firms, is leasing 15,000 square feet on the sixth floor at 2941 Fairview Park.

Hickok Warner Fox says it will design a workplace that reflects DPR, with exposed steel beams and ceilings and a wall of scaffolding. DPR is performing the construction itself. It is expected to be complete this month.

Hickok Warner Fox reports that it has also completed the expansion of its own satellite office in the Tycon Tower in Vienna.

The office has more than doubled in size since opening last year. The firm says it now employs 75 workers, including 20 in Virginia.

In other news

Clark Construction Group of Bethesda has completed construction of the $21 million Dulles Corner Gateway, an 11-story, 213,000-square-foot office building near Washington Dulles International Airport.

• Clark Construction will build a $16.5 million student academic center being planned by Gallaudet University in Northeast.

• American Automatic Sprinkler has purchased a 16,130-square-foot office building at 2811 Old Lee Highway in Merrifield for $1.7 million. Bishopp Realty of Fairfax helped arrange the deal.

• New England Retail Express signed a $1.5 million, five-year lease for 45,700 square feet of warehouse space at 7940 Notes Drive in Manassas, Va. Also, Amarr Door will lease 11,300 square feet in a warehouse at 7930 Notes Drive. The five-year lease is valued at $417,000.Bishopp Realty helped arrange both deals.

• Independent Telephone Services signed a $1.2 million lease for 18,813 square feet of office and laboratory space at 9813 to 9817 Godwin Drive in Manassas, Va. Bishopp Realty helped arrange the deal.

• Chris Baker can be reached at 202/636-3139 or [email protected]


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