ING's bigger picture.ING Clarion A family of application development systems for Windows from SoftVelocity, Inc., Pompano Beach, FL (www.softvelocity.com). Clarion provides a comprehensive set of tools for development, including a screen builder, 4GL and application generator. has acquired 7701 Southern Drive in Springfield, Virginia Springfield is an unincorporated community in Fairfax County, Virginia, United States and is a suburb of Washington, DC. Within Springfield are three census-designated places (CDPs): Springfield CDP, West Springfield CDP, and North Springfield CDP (plus a substantial portion of for $23.35 million. A 100 percent leased warehouse property, it occupies more than 250,000 s/f in one of Northern Virginia's largest industrial markets. Tenants include Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , AAA Mid-Atlantic The not-for-profit AAA Mid-Atlantic, among the largest of the Clubs in the AAA National Federation, serves nearly four million members in a territory stretching from Northwest New Jersey to Richmond, Va. , and ArchivceOne. "With its proximity to Washington, D.C., Fairfax County acts as a primary distribution hub for the region and is a great location for a facility such as this one," said Marc C. DeLuca, senior vice president at ING Clarion. ING Clarion also announced it has acquired 18.2 acres of land in Auburn, Washington Auburn is a city of 40,314 (2000) located in the U.S. state of Washington, in King County with some spill-over into Pierce County. Though founded before either Seattle or Tacoma (Seattle metropolitan area) had suburbs, Auburn is now often thought of as a suburb of these two cities. on behalf of its open-end industrial fund. The firm plans to build a 400,000 square foot distribution center on the property. Panattoni Development will be the developer. The estimated completion date for the project is March 2006. "We continue to see demand for strategically placed distribution assets, in particular those that are close to or that serve major port cities," said Jim Hendricks, managing director with the ING Clarion Industrial Property Group. "The Seattle region is a key long-term market for us, with its high barriers to entry and access to two world class ports (Tacoma and Seattle). When completed, the center will have prominent freeway visibility and a prime location which we believe will create significant interest." |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion