$217 Million Construction Loan Launches Construction on Kettler Mixed-Use Development in Leesburg, Virginia.Anchored by Wegmans Food Market, The Village at Leesburg Is Scheduled to Open in 2010. Interchange Nears Completion. LEESBURG, Va. -- Developers Cypress Equities and Kettler, and global private equity firm The Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. , announced today the closing of $217 million in construction loan proceeds for The Village at Leesburg development in Leesburg, Virginia Leesburg is a historic town and is the county seat of Loudoun County, Virginia, United States of America. Located approximately 40 miles west-northwest of Washington, D.C. . Located at Route 7 and Crosstrail Boulevard, The Village at Leesburg is a 1.2 million square foot vertically-integrated, four-story village consisting of residential, retail, restaurants and office. Sovereign Bank is the administrative agent for several national and local financial institutions that are providing the loan for the project. "The Village at Leesburg captures the sense of the city by bringing a high level of fashion, dining, and entertainment with nationally recognized premier retailers," said Richard W. Hausler, President of Kettler. "This closing proves quality projects in desirable locations are still moving forward." Encompassing traditional planning and design characteristics with an upscale urban feel, The Village at Leesburg will be a welcome destination for residents of the Washington, DC metropolitan area. The open-air shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into will feature a Wegmans Food Market, a family owned supermarket chain known for its innovation and customer service. Additionally, there is a strong commitment from a number of local and regional retail stores and premier restaurants new to the area along with several premium national specialty retailers. The Village at Leesburg is accessed by a new interchange, which bridges Route 7 and has approaches to and from River Creek Parkway to the north and Crosstrail Boulevard to the south of Route 7. The $31 million interchange is under construction and expected to open by July 2009. The Village Center is scheduled to be completed in Spring of 2010. Cypress Equities will develop the retail portion of the project, while Kettler will develop the office and residential components of the project including 335 luxury apartments. About The Carlyle Group The Carlyle Group is a global private equity firm with $81.1 billion under management committed to 60 funds. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $43.0 billion of equity in 774 transactions for a total purchase price of $229.3 billion. The Carlyle Group employs more than 1,009 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world. www.carlyle.com About Cypress Equities Cypress Equities was formed in 1995 as the development affiliate of The Staubach Company. With 7 development offices in Dallas, Atlanta, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Phoenix, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. and Nassau, Bahamas For other uses of "Nassau", see Nassau (disambiguation). Nassau is the capital city and commercial center of the Commonwealth of the Bahamas. The city has a population of 210,832 (2000 census), nearly 70 percent of the entire population of the Bahamas (303,611). , it is an independent company with a dedicated staff that focuses on portfolio acquisitions, build-to-suits, project development, sale-leasebacks and other development services for retail, automotive, hotel and resort property. Cypress Equities is currently developing over $3 billion in projects across the country. About Kettler Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and property management companies based in the DC metro area and was awarded the 2008 Pillars of the Industry Award for Property Management Firm of the Year by the National Association of Homebuilders This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. . The firm's diverse business model has led to the delivery of five million square feet of commercial space and over 50,000 homes in its master-planned communities and condominiums. Kettler's rental portfolio includes high-end, market rate, affordable and fee managed assets. Currently, Kettler is developing commercial, resort and transit-oriented mixed-use projects. www.kettler.com |
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