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WRIT Delivers 49,000 Square Foot Terrace Building at 7900 Westpark Drive.
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PR Newswire
- Article date:
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September 23, 1999
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Copyright informationCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCKVILLE, Md., Sept. 23 /PRNewswire/ -- Sunrise Assisted Living has taken occupancy of Washington Real Estate Investment Trust's (NYSE: WRE) just completed Terrace Building at 7900 Westpark Drive. Sunrise will occupy the entire 49,000 square foot building as their corporate headquarters under a 12 year lease.
7900 Westpark Drive is a 527,000 square foot office complex in Tysons Corner, Virginia. Upon acquisition in November 1997, WRIT announced the opportunity to develop this addition and projected that the Terrace Building could produce a 12 unleveraged return on investment. With the development complete, WRIT now anticipates the Terrace Building's unleveraged return ...
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