IN THE NEWS
The Donohoe Cos. Inc. plans to construct a $50 million Residence Inn by Marriott at the Founders Square project in Ballston. D.C.-based Donohoe will break ground on the 183-room hotel in the third quarter of 2011, pending Arlington County approval. The hotel, which could be the first in Arlington to start since 2008, would be finished in 2013. The 150,000-square-foot project would be part of The Shooshan Co.’s Founders Square, a mixed-use project at Randolph Street and Clarendon Boulevard anchored by the Defense Advanced Research Projects Agency.
The General Services Administration has signed a full building, 352,750 square foot lease for the Defense Advanced Research Projects Agency (DARPA) to relocate all operations to 675 North Randolph St., part of the Founders Square development by The Shooshan Company. Studley Inc. brokers Neil Levy, David Lipson and Rob Brunton represented GSA in this lease. Project financing was arranged by John Duffy and Bill Asbill with Holliday Fenoglio Fowler, L.P. Other project team members include RTKL Associates, Inc., Weidlinger Associates, Inc., Tolk, Inc., SK&A and Studio 3 - See more at: http://dc.citybizlist.com/article/darpa-signs-352750-sf-lease-new-arlington-location-0#sthash.z8fhM7U6.469UlMzA.dpuf