GE Real Estate provides $58.6 million for Virginia office building.GE Real Estate, Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. , announced it has provided a fixed-rate $58.6 million loan to Chicago-based MGP (Monochrome Graphics Printer port) A display adapter that employs Hercules Graphics and a parallel printer port on the same expansion board. Real Estate--partnering with The Praedium Group, New York--for its acquisition of Monument III, a newly constructed 193-million-square-foot class-A office building in the 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. town of Herndon. The Praedium Group will act as managing member of the borrower entity, while MGP will control day-to-day operations of the property. While currently vacant, the property was 28.5 percent leased at closing as DRS Technologies DRS Technologies, Inc. (commonly known as DRS; formerly known as Diagnostic/Retrieval Systems, Inc.) is a supplier of defense electronic products and systems to the United States Air Force, Army, Coast Guard, Marine Corps, Navy, aerospace and defense prime recently leased 55,000 square feet of space, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dan Martin, regional director of 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. Lending at GE Real Estate. The Washington metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. economy remains vibrant, generating 67 million new payroll jobs in the 12 months ending in January 2007, and the outlook for commercial real estate remains strong. Value creation will be provided through aggressive leasing and hands-on management of the property, facilitated by MGP, noted Martin. "The location and growing economic market in the region places Monument III in a prime position for success in both the short and long term," said Martin. "The local economy boasts a highly educated work force, high per-capita income and strong demographic trends, and we believe this is an ideal site for investment." Monument III is located in the center of Worldgate Office Park, a 96-acre mixed-use development that is currently 97 percent occupied and is comprised of 10 office buildings totaling 1.4 million square feet, 170,000 square feet of retail space, a Marriott Hotel with 254 rooms and a Sport & Health Club. "Worldgate Office Park is unique in its amenity base, and the value-add opportunity is multifaceted. The rapidly growing market in the vicinity and proximity to numerous national and international corporations makes this an ideal fit," explained Charles Salcetti, president, MGP Real Estate. "We are excited to team with GE Real Estate and Praedium on an investment opportunity that aligns with our strategic goals." |
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