SAN ANTONIO – An affiliate of San Antonio-based USAA Real Estate Co is developing a new office property in the Washington DC suburb of Alexandria, Va.
The 705,000-sf office building development at Hoffman Town Center – Block 8 — is preleased to the General Services Administration on behalf of the National Science Foundation (“NSF”) for a term of 15 years. The NSF will occupy 94 percent of the property upon completion in late 2016. Lowe Enterprises, a diversified national real estate company, will undertake the ground up property development and will also assume building management responsibilities, once completed.
The proposed NSF Headquarters building will comprise 704,571 square feet, including 19,437 square feet of retail space across 2.03 acres. The project consists of two interconnected towers of 19 and 14 stories respectively, with dual cores off a main entrance lobby at grade level, and 375 parking spaces on three subterranean levels.
In line with USAA Real Estate Company’s environmental guidelines, the building will actively seek LEED Silver Commercial Interiors Certification and is designed to achieve Energy Star Rating within 18 months of occupancy.
“Located in one of the leading core real estate markets in the country within an exciting new mixed use urban setting, the NSF Headquarters building is an important new project, exemplary for the high standards the market has come to expect of USAA Real Estate Company,” commented Len O’Donnell, CEO of USAA Real Estate Company. “We are very pleased to expand our relationship with developer, Lowe Enterprises whose hospitality management subsidiary, Destination Hotels & Resorts, was recently selected as the manager for our La Cantera Hill Country Resort in San Antonio, TX.”