Northern Virginia Real Estate
Leasing Team at Bat for Mount Vernon Place
Submitted by Steve on Fri, 2006-02-24 17:14.
Leasing Team at Bat for Mount Vernon Place
By Barbra Murray
Last updated: February 23, 2006 12:26pm
WASHINGTON, DC-Commercial leasing activity is ready to move forward at Mount Vernon Place, and Meany & Oliver Cos. has been selected to shoulder the job. Mount Vernon Place is the 2.2-million-sf mixed-use project currently being developed by Quadrangle Development Corp. and the Wilkes Co.
The JV will rely on the Arlington, VA-based real estate services firm to oversee the lease-up of the site's 1.2 million-sf class A office and retail segment. Meany has the exclusive on the job.
Upon completion, Mount Vernon Place will feature five office buildings and six residential structures, all designed by the architectural firm of Hartman Cox Associates. The office space, a Mount Vernon Place spokesperson tells GlobeSt.com, is being marketed in the high-$30s-to-low-$40s range. While there have been no solid commitments yet--the first office building will not deliver for another two years--there has been a great deal of activity regarding potential leases, he says.
"The Mount Vernon Triangle market is the natural expansion of the established East End, as well as the bridge to Capitol Hill and NoMA," Meany & Oliver principal Sharon M. Oliver says.
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