Foulger-Pratt said Thursday it has secured equity financing from USAA Real Estate Co. for its $200 million-plus trophy office building in Tysons. Michael Abrams, senior vice president of acquisitions for Potomac-based Fougler-Pratt, declined to disclose exact figures but said USAA Real Estate will represent approximately 40 percent of the equity needed for the nearly 400,000-square-footContinue reading “Foulger-Pratt lands equity partner for $200M Tysons office building. But it still needs tenants.”
Monthly Archives: September 2018
Tysons of Tomorrow Secures Big Commitment from Institutional Investor USAA
Foulger-Pratt and USAA Real Estate announced their partnership for the development of Tysons Central, a 371,214 square foot Class-A trophy office building in the heart of Tysons, Virginia. Located adjacent to the intersection of Leesburg Pike and Chain Bridge Road and only 50 steps to the Greensboro Metro Station, the building will provide next-generation officeContinue reading “Tysons of Tomorrow Secures Big Commitment from Institutional Investor USAA”
Foulger-Pratt and Partner Buy Discovery Headquarters in Downtown Silver Spring
Discovery Inc. has sold its downtown Silver Spring headquarters building to Potomac-based Foulger-Pratt and New York City-based Cerberus Capital Management. The $70 million real estate transaction, which works out to $127 per square foot for the 548,000-square-foot building, settled Wednesday, according to the Washington Business Journal. Foulger-Pratt and Cerberus were competing for the building withContinue reading “Foulger-Pratt and Partner Buy Discovery Headquarters in Downtown Silver Spring”
Foulger-Pratt Solidifies Commitment to Silver Spring with Purchase of Discovery Building
The Potomac-based real estate developer looks forward to next phase Potomac, MD, September 5, 2018 – Foulger-Pratt and Cerberus Capital Management announce today the joint venture purchase of One Discovery Place in Silver Spring, MD from Discovery Communications. The 548,953-square-foot LEED Platinum, trophy office building adds to Foulger-Pratt’s significant portfolio of office, retail and multifamilyContinue reading “Foulger-Pratt Solidifies Commitment to Silver Spring with Purchase of Discovery Building”
Foulger-Pratt plans $400M mixed-use project in Reston
Add Foulger-Pratt to the long list of developers planning projects near the Wiehle-Reston East Metro station. The Potomac-based developer submitted plans last month to Fairfax County for a 1.5 million-square-foot mixed-use project that would include up to 907 units, including apartments, condos and townhomes, an assisted living facility, a 308,000-square-foot office building and ground-level retail.Continue reading “Foulger-Pratt plans $400M mixed-use project in Reston”
Winchester Homes, Bronfman Rothschild Sign Leases at Foulger-Pratt’s Park Potomac
Transwestern today announces Winchester Homes Inc. and Bronfman Rothschild have signed leases totaling 35,199 square feet at 12435 Park Potomac Ave., bringing the Potomac, Maryland, office building to 95 percent occupancy. The property is part of Foulger-Pratt’s Park Potomac mixed-use development, which currently stands at 585,000 square feet of existing development and will total moreContinue reading “Winchester Homes, Bronfman Rothschild Sign Leases at Foulger-Pratt’s Park Potomac”