ARLINGTON, VA. — Brandywine Realty Trust and APA IV, an affiliate of The Shooshan Co., have formed a joint venture to build a 426,900-square-foot office building in Arlington’s Ballston submarket. The 20-story property, known as 4040 Wilson Boulevard, is the final phase of Liberty Center, an eight-building, mixed-use development two blocks from the Balltston Metro Station. The office building will feature 10,000 square feet of retail, 544 below-grade parking spaces and a rooftop terrace with panoramic views of Washington, D.C. The property is designed to achieve LEED-Gold certification. Brandywine and APA will each own a 50 percent interest in the office building. The Shooshan Co. will oversee development, leasing, property management and construction management for the project. Brandywine will assist Shooshan in project development, marketing and leasing services. Brandywine will also contribute up to $36 million in the project. APA IV contributed the development’s initial equity over an eight-year period.
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