Brandywine to Construct Office Building at Premier Dulles Corner Office Park in Herndon, VA; When Completed, South Lake at Dulles Corner Will Expand Brandywine's Northern Virginia Portfolio to More Than Three Million SF of Space.PLYMOUTH MEETING, Pa. -- Brandywine Realty Trust Brandywine Realty Trust (NYSE: BDN) is a real estate development trust (REIT) in the United States that buys, sells, leases and manages approximately 225 commercial properties, no more than 25 industrial parcels of land, mixed-use property, and over 200 acres of undeveloped (NYSE NYSE See: New York Stock Exchange : BDN BDN Borland Developer Network BDN Bangor Daily News (Maine, USA) BDN Business Development Network BDN Bell Data Network BDN Bulk Data Network BDN Busy Doing Nothing (band) BDN Buffered Delta Network ) has announced it will develop South Lake at Dulles Corner--a 267,350-square-foot, 10-story speculative office building in Herndon, Virginia Herndon is a town in Fairfax County, Virginia, United States. The population was 21,655 at the 2000 census, which makes it the largest of three towns in the county.[1] History . South Lake will be Brandywine's fourth building at the award-winning Dulles Corner suburban office park, bringing their Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. ownership position to more than three million square feet. The anticipated completion of South Lake is in the third quarter of 2007. Bob Wiberg, executive vice president and managing director of operations, Brandywine Realty Trust, commented, "We continue to see strong demand for office space within our core Northern Virginia portfolio with vacancies in the single digits. South Lake at Dulles Corner will fill a market void for the highest quality office product in a unique business environment, and is well positioned to accommodate the current and future space requirements of tenants in this dynamic marketplace. Brandywine is proud to maintain our market leadership position in the Dulles Toll Road corridor with the start of this new world-class office building situated in one of the most desirable office markets in the country." Located at 13820 Sunrise Valley Drive, the 10-story, 267,350-square-foot state-of-the-art South Lake office building will feature an adjacent four-level parking structure, as well as striking architecture by the firm Noritake Associates. The building will offer nearly column-free floor plates with 9' ceilings, an upscale lobby finished with wood and glass accents and a slate floor, and an efficient core design. South Lake affords additional growth and expansion within the office park on adjacent sites, with more than 500,000 additional square feet planned and ready-to-build. South Lake at Dulles Corner is a part of the Dulles Corner office park, which consists of approximately two million square feet of Class A master-planned office and hotel space. Dulles Corner has garnered numerous awards highlighting its distinctive architecture and landscaping. Situated at the intersection of Route 28 and the Dulles Toll Road, directly adjacent to Dulles Airport, South Lake offers a pedestrian-friendly environment with outdoor seating, walking paths, views of the Blue Ridge Mountains Blue Ridge also Blue Ridge Mountains A range of the Appalachian Mountains extending from southern Pennsylvania to northern Georgia. It rises to 2,038.6 m (6,684 ft) at Mount Mitchell in the Black Mountains of western North Carolina. and a lakeside environment. Amenities in the area include restaurants, the Hyatt Hotel, valet and daycare. Key tenants in the Dulles Corner park include Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. , Radian ra·di·an n. Abbr. rad A unit of angular measure equal to the angle subtended at the center of a circle by an arc equal in length to the radius of the circle. , Perot Systems, AT&T, Nortel and Deltek Systems. About Brandywine Realty Trust Brandywine Realty Trust (NYSE: BDN), with headquarters in Plymouth Meeting, Pa., is one of the largest full-service, completely integrated real estate companies in the United States. Organized as a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), Brandywine owns, manages or has ownership interest in office and industrial properties aggregating 46 million square feet. For more information, visit Brandywine's website at www.brandywinerealty.com. |
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