$33 million financing deal completed in New Carrollton
Author: Jackie Spinner, Washington Post Staff Writer
Source:
Date: 11-19-2001
$33 million financing deal completed in New Carrollton
Washington, DC: The developer of a 12-story office building in New Carrollton near the Internal Revenue Service headquarters has completed a $33 million financing deal. John B. Levy & Co. Inc. of Richmond will finance the project, a 325,000-square foot building being constructed by an affiliate of real estate firm Beco Management. Computer Sciences Corp., which in 1998 was awarded a multibillion-dollar contract to create a new computer system for the IRS will be the primary tenant. Construction began in June and is scheduled to be completed in 2003.
Jackie Spinner writes about local commercial real estate and economic development every week in Washington Business.
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