Regions Midatlantic
Northern Virginia Office Property Set for $28M Upgrade
May 6, 2008

Century Center, a two-building office property just minutes outside of Washington, D.C. in Crystal City Va., will get a makeover, courtesy of owner Lowe Enterprises Real Estate Group. Together the 13-story structures feature an aggregate 560,000 square feet of office space above 70,000 square feet of storefront retail. Lowe acquired the property four years ago in a transaction valued at approximately $120 million. The company plans to spend $28 million on the renovation program, which is scheduled to reach completion this summer.

 
Recent Midatlantic Headlines
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Brandywine Realty Trust promoted Jeff DeVuono to the position of executive vice president and senior managing director of Pennsylvania region.
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Washington, D.C. Experienced Positive Absorption, Cassidy & Pinkard Reports
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Cassidy & Pinkard Colliers said today that Washington, D.C. metropolitan area office market experienced an overall positive net absorption of 217,900 square feet in the second quarter of 2008.
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