Completion of Office Building Pushed to June

The office building currently under construction in the Kingstowne area will be complete in June instead of by the end of this month, said David Stoudt with Jones Lang LaSalle. Stoudt said the building will be all but complete next month except for the lobby. The owner is currently dealing with ordering marble for the floor, which is taking longer than expected.

The office building is currently still generating a lot of interest, but Stoudt said they still have not confirmed any leases for the space. Because of this, the individual spaces in the building are not designed. In December, Stoudt told Patch the questions surrounding sequestration and the Northern Virginia economy could be the reason prospective tenants have not yet confirmed leases.

"The issue with sequestration is crippling the entire region from a government contracting standpoint," Stoudt said in a phone interview Wednesday.

Stoudt said they're currently waiting for spring before beginning work on the landscaping around the building. In June, the lobby and other common areas will be ready, and LaSalle will begin hosting broker events to drum up more interest.

The space is 113,500 sq. ft. and is owned by the Halle Companies, which also owns parts of Kingstowne Towne Center. About 5,000 sq. ft. is for potential retail space on the ground floor of the property.

See also:

Construction on Office Building to be Completed in February

New Office Building Expected to Be Finished in 2013

Builders Break Ground on Kingstowne Office Building

Construction by Kohl's Will Be Office Building, Parking