RINKER DESIGN, NAL RESEARCH ACQUIRE DEVELOPMENT SITE IN VIRGINIA

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MANASSAS, VA. — Rinker Design Associates (RDA) and NAL Research Corp. have acquired a 5-acre development site within Innovation @ Prince William technology park in Manassas. The companies plan to develop two buildings totaling 90,000 square feet on the site. The first phase, Discovery Center I, includes a three-story, 45,000-square-foot building that will services as headquarters for RDA and NAL. The second phase, Discovery Center II, will also be a three-story, 45,000-square-foot building. Construction of the first phase is slated to break ground in March, with completion scheduled for February 2012. The land purchase and first building is estimated to cost $9 million, pending final construction costs. Tom Sandlin of Avison Young represented both RDA and NAL in the transaction.

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