Duke Sells D.C.-Area Parcel to Army for $105M
- Dec 09, 2008
Duke Realty Corp. has completed the sale of a 16-acre parcel in its Mark Center business park in Alexandria, Va., to the U.S. Army Corps of Engineers, which will develop the land as a two-building office complex that will house 6,400 Department of Defense employees. The sale price was $105 million. The project (pictured) arises out of Recommendation 133 issued by the 2005 Base Realignment and Closure (BRAC) Commission ; the recommendation involves relocating various DoD personnel from leased space in Northern Virginia. The 1.7 million-square-foot BRAC 133 project will comprise two office towers, of 15 and 17 stories, that are connected for the first 10 stories; two parking garages with about 3,840 employee parking spaces; and a public transportation center. Construction on the project will begin in early January 2009. By law, the project must be completed by Sept. 15, 2011. Site access will be controlled by several secure vehicle check-in stations and an ornamental fenced perimeter that will be visible in only a few areas. In keeping with other federal government security criteria, the office space will be surrounded by clear zones and away from roadways and parking structures. The two office towers are intended to meet LEED Silver certification, and the transportation center is being designed to achieve LEED Gold. A Duke spokesperson told CPN that HKS Inc. is the project architect, and Clark Construction is the general contractor. Studios Architecture and Wisnewski Blair & Associates are also part of the project team. Selected for this land sale by competitive bidding, Mark Center is a 350-acre mixed-use development at the southwest corner of I-395 and Seminary Road, less than four miles from the Pentagon. Duke owns, leases and manages nearly 1.3 million square feet of space there, in 12 existing office buildings. The land sale is part of a $950 million development agreement between Duke and the Corps of Engineers that was signed on Nov. 25.