$300M for New Office Building in Alexandria, VA

Duke Realty Corp. in Indianapolis, IN won a $300 million firm-fixed-price contract to buy “complete and usable administrative office complex to be sold to the Army and developed on a turnkey basis by the contractor.” Work will be performed in Alexandria, VA with an estimated completion date of Sept. 15/11. Bids solicited were via the FedBizOpps and 2 bids were received. by the U.S. Army Corps of Engineers in Baltimore, MD (DACA31-7-09-0067). Duke Realty’s release is clearer. It has now completed the sale of 16 acres in its Mark Center business park in Alexandria, VA, to the US government for $105 million. That land will be used by the Department of the Army per the 2005 BRAC(Base Realignment and Closure commission) Recommendation #133, which will relocate various Department of Defense personnel from leased space around Northern Virginia. The land sale is part of an overall $950 million development agreement between Duke and the U.S. Army Corps of Engineers.