G reen B uildings

Real Estate Journal — Green Buildings — January 29 - February 11, 2016, 2014 — 35A


M id A tlantic

Balfour Betty, general contractor; K& I, architect &Akseizer Design Group, interior design LCOR closes $100.325m construction financing from Wells Fargo for LEED Gold multifamily

rystal City, VA — LCOR , a fully-inte- grated real estate com- pany specializing in property development, investment and management, has closed on a $100.325 million construction loan from Wells Fargo for the development of The Altaire in Crystal City. LCOR plans to develop the 1.77 acre property into a dynamic, transit-ori- ented development slated for delivery in the second quarter of 2018. “LCOR is excited to start construction on The Altaire, which will be a great com- pliment to the burgeoning neighborhood connecting both Pentagon City and Crystal C Hanover, MD — Merritt Properties has started con- struction on the first of three office buildings at their Buck- ingham office park in Hanover. Chesapeake Urology Associ- ates, P.B . has signed on as the building’s first tenant, leasing 17,000 s/f on the first floor. Located at 7580 Buckingham Blvd., the two-story class B of- fice building will be 52,800 s/f and is slated for LEED Silver certification from the U.S. Green Building Council . Merritt has plans to build two additional office buildings as part of this park. Two retail WASHINGTON, DC —Nel- son Mullins Riley & Scarbor- ough LLP has completed a long-term agreement to lease 60,000 s/f at 101 Constitution Ave., NW. Nelson Mullins first came to the building as a 4,000 s/f subtenant 12 years ago, and has been growing ever since. Nelson Mullins’ new space encompasses the entire 9th floor, including the building’s largest private terrace, as well as a portion of the 8th floor. Both floors offer unparalleled

City, especially with the ar- rival of Whole Foods,” said Harmar Thompson , senior vice president of LCOR. “We are focused on providing a dy- namic, LEEDGoldmultifamily development with distinctive architecture that will be an enduring complement to the community. Upon completion, the first tower will include 150 top of the market luxury rental units, while the second tower will of- fer 300 high end rental units. Each building will feature floor to ceiling glass façades and several balconies overlook- ing Washington D.C.’s iconic landscape. buildings have already been completed, one housing a 24- hour Merritt Athletic Club. Chesapeake Urology is Mary- land’s and the Mid-Atlantic’s premier urology practice, treat- ing patients with a wide variety of common and complex uro- logic conditions. This will be Chesapeake Urology’s twenty- third location, the second in Anne Arundel County. “We are very excited about our new medical office and ambulatory surgery center under construction at Buck- ingham Blvd.,” said Steve Bass, Chief Financial Officer direct views of the US Capitol building and the National Mall. Savills Studley represented 101 Constitution Trust, which is primarily owned by the building’s owner-occupant, the United Brotherhood of Carpen- ters and Joiners of America. An additional 85,000 s/f of space on the 6th and 8th Floors will become available between February and May of 2017. As the closest privately owned of- fice building to the US Capitol, with best in class design, opera-

Balfour Betty is the gen- eral contractor, while SK & I is the architect and Akseizer Design Group is the interior designer for this project. The building is slated for LEED Gold certification, featuring state of the art technology with the latest energy efficient mechanical systems. Both buildings will also fea- ture exquisite roof top terraces overlooking D.C.’s monumen- tal core. Amenities extend past the building, to the convenient central location which has easy access to Metro, a new Whole Foods and other local ameni- ties including 175 retailers, 80 restaurants and 15 hotels. n of Chesapeake Urology Associ- ates. “Merritt is a high quality developer and we look forward to being the lead tenant in this new project.” Merritt Construction Ser- vices , the construction arm of Merritt Properties, will be responsible for all phases of the construction. The building is expected to be completed in late summer/early fall of 2016 and will be ideal for additional medical and/or office users. Meghan Roy and Bob Au- miller from MacKenzie repre- sented Chesapeake Urology in the transaction. n tions, amenities and views, 101 Constitution is considered to be the most desirable address in the nation’s capital by many government relations firms, corporations and television studios seeking a prime D.C. location. Savills Studley’s executive managing director Vernon Knarr, managing director Park- er Lange, and senior analyst Jeffrey Harps, represented 101 Constitution Trust and the UBC throughout the transaction. n

The Altaire

Merritt Properties to Construct three Office buildings in Hanover, MD slated for LEED Silver certification

Savills Studley represents 101 Constitution Trust in 60,000 s/f lease at LEED-Existing Building Silver certification building

101 Constitution Ave., NW

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