Commercial Real Estate Week - Orlando Business Journal:

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Lured by incentives from the counthand state, Capital Lighting and Supply, which provides electrical products and lighting in the mid-Atlanti region, will move its corporate office from Alexandria to a 200,000-square-foott facility at Eastgate Business near the interchange of Pennsylvania Avenue and Interstatre 495 not far from . Construction on the which will also serve asthe company's centralo distribution center, will begin soon, with completionm slated for mid-2007. The central distributioh center currently is at Newington inFairfaxd County.
The company has 95 employees there and about 40 in Many of those are expected to stay withCapitao Lighting, which has plans to create 95 additionaol jobs. The company scouted locationx throughout Marylandand Virginia. "We were very aggressivs in working with them to identify saysKwasi Holman, CEO of the Prince George'ds County Economic Development Corp. "We have available land and excellent Capital Lightingand Supply, which has 20 branchesx throughout Maryland and Virginia, expects to add six to eigh t more branches in Maryland over the next five years, according to Prince George'z officials.
"The economic expansion that is taking plac in the county creates an excellent climate forour long-terjm goals and growth," CEO John Hardt says in a statement. Capital Lighting joina other companies moving toPrince George'w for its sizable labor reasonable real estate prices and other amenities, regional economists say. "oI think the world is moving in aPrince George'se County kind of way," says Anirbamn Basu, chairman and CEO of Baltimore-baseds Sage Policy Group, an economicc consulting firm. Hillside Holdings to build $8.
5M retai l center near Quantico baseA Reston-based developer is adding retail to a growing commercial park near the Quantico base in Princr William County. Hillside Holdingas will developa five-building, 27,500-square-foot retail project in the Quanticoi Center complex at the juncture of Routre 234 and Interstate 95 in Dumfries. The $8.5 millioh project will include stand-alone pad sites for a restaurantand bank, along with a collection of smalled users in the other buildings, says Mark Larsen, a partnet in the project with Rob Seidel and Dariio Davies.
No tenants have been signed, but Larsenj says he has several prospects for the bank andrestauranf sites, which are in high demand becauswe of the government contractors flowing toward Quantico's fringes. Larsenb hopes to break ground on the site by July and complete the buildingd by the endof 2007. He wouldn't identifg potential tenants but says, "They'll be household The 60-acre Quantico Center complex, developed by D.C.-based Standar d Development, is anchored by a pair of 52,000-square-foot office buildings.
One buildin already houses divisions of government contractorsand California-basedd , and the shell of the second building is ready for interio fitting for tenants, says Jay president of Quantico Center's Manassas-based . Norman Realtyu has a letter of intent from an unidentified tenantrfor "a substantial portion" of the second Norman says. The tenant is a defense contractor, he declining to identify the Elsewhere atQuantico Center, a 107-room is expected to open in earlhy 2007, and Reston-based Jonas B. Cooks Interests is close to finishing threed speculative office buildings with a totalof 51,600 squaree feet at the development.
Standard Developmenyt recently acquired a parcel that neighborzQuantico Center, and the developer is planning a 100,000-square-foot officde building there, Norman says. Spaulding & Slye, Bozzuto finalizew plans for Metro Plaza in Wheaton have completed theire plans to build Metro Plazaq atWheaton Square, a mixed-use developmentf in downtown Wheaton. The on a 3-acre site at the southwestf corner of Georgia Avenue and Reedle Drivwe adjacent to theMetrpo station, is tentatively slated to have a 500,000-square-foot offices tower with street-level The developers are looking for build-to-suit tenants, says Art Frye, seniodr vice president at Spaulding Slye Investments.
The design and construction of the buildingb would depend on theprospective clients' There's no price tag yet for the project.