Most Significant Real Estate Projects of 2003
The
winners:
- Philip Morris Headquarters
-
Harrisonburg
Crossing
-
Short Pump Town Center
Virginia Business
April
2004
For
many commercial real estate companies, business picked
up in 2003. Corporate expansions and relocations, a
burst of retail activity and, in some markets, speculative
building of warehouse space, produced levels of activity
not seen during the previous two years.
With the economy growing again, projects are going up
across the state. In our fourth annual look at the most
significant commercial real estate projects, Virginia
Business profiles the top deals of 2003. Once again,
we teamed with the Virginia chapter of Certified Commercial
Investment Members. It put together a panel of seven
judges, which evaluated 18 nominations. This year's
field was competitive, with projects ranging from a
Fortune 500 corporate relocation to shopping centers,
historic makeovers and a new Wall Street-style trading
floor for Dominion Energy Clearinghouse.
In the end, the judges selected three deals that required
skill, creativity, and that provided an economic benefit
or other major improvement to their communities. “This
year's deals had more of a national flair with
some major national names in both a corporate relocation
and the shopping centers,” says judge B. K. Allen,
managing partner of B.K. Allen Real Estate in Reston.
“It was a matter of picking the best of the best.
We tried to pick the ones that meant the most to the
community as a whole.”
—
The Editors
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