JOSS' latest capital gain.JOSS Realty Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has acquired 1129 20th Street in Washington D.C. The property is a 127,500 s/f Class B office building currently 87% leased. The company plans to redevelop re·de·vel·op v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops v.tr. 1. To develop (something) again. 2. and reposition the office building to Class A status. As part of the redevelopment plans, JOSS has formed a joint venture with 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 based construction and real estate investment firm, RD Management, who will act as a partner and construction advisor to the investment. JOSS Realty Partners intend to add two additional floors to the building to maximize the allowable square footage to approximately 160,000 square feet. The Company also plans to upgrade the building's facade and interior. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. provided the financing. The 1129 20th Street building represents JOSS' third acquisition in Washington D.C. since the company's inception in July 2005. |
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