Tetra Partnerships Wins NAIOP Award for Leesburg Business Park

For Immediate Release

Reston, VA - Tetra Partnerships was honored on November 15, 2007 by the Northern Virginia Chapter of the National Association of Industrial and Office Properties (NAIOP) at The Ritz-Carlton in McLean, Virginia. Best of NAIOP “Reflections on Excellence” was the theme of the 21st Annual Best of NAIOP Awards held at the Ritz-Carlton Tysons Corner. Over six hundred fifty people were in attendance as twenty-six awards were presented in the following categories: Transactions, Interiors, Buildings and Membership. The black tie dinner was an opportunity to celebrate significant new contributions to Northern Virginia by the commercial and industrial real estate community.

NAIOP singled out Tetra’s Leesburg Business Park project for exemplifying superior quality in commercial and industrial real estate. The team consisted of Architecture, Incorporated, - Stantech Consulting Services, Inc and E.E. Reed Construction, L.P. with owner representative, Min Choe for Tetra.

“We are truly honored to receive a NAIOP Award. It is of distinct significance to us, as it is awarded by our peers in the industry,” says Bill Lauer, President of Tetra Partnerships. “Leesburg Business Park presented the challenge of creating a warehouse with both functionality and with architectural integrity. It is a truly unique project. It was a difficult site that required good engineering, creative design and excellent execution of construction. We owe the success of this project to the good collaboration by a team of experts. We have Architecture, Incorporated, Stantech Consulting Services, Inc., and E.E. Reed Construction, L.P. to thank for their significant contribution to this project“.

This is the second NAIOP Award given to Tetra in the past two years. Tetra won a “Best Buildings” Award for a Mixed-Use Project at the NAIOP Awards in November, 2006. That award-winning project was the Herndon Commercial Center, located at 754 Elden Street in the historic downtown district of Herndon, Virginia. Of note is that Herndon Commercial Center is a mixed-use project while Leesburg Business Center is warehouse, speaking to the diversification and varied success of the company.

Leesburg Business Park is located at 73 and 75 Lawson Road, in Leesburg, Virginia. The project has been a major addition to the burgeoning commercial and industrial hub of the Town of Leesburg, helping to redefine the area in which it is located while standing as a phenomenal example of industrial warehouse design. The development team’s intentions were to create an elegant industrial project appropriate to the growing residential community while maximizing usable space to accommodate the demands of Leesburg’s booming economy. The result was Leesburg Business Park; a two-building industrial warehouse condominium with excellent visibility from Route 15 and convenient access from both Routes 15 and 7.

Leesburg Business Park consists of 52,280 sq. ft. in two buildings containing flex/warehouse condominiums. Floor plans range from 3,600 to 22,500 square feet, with ceiling heights of 14 to 18 feet. Permitted uses include retail, storage, light manufacturing, personal services, office, and food-related businesses. Leesburg Business Park has frontage on the Rt. 15 Bypass, across from the Leesburg Premium Outlets.

For additional information, please contact Andy Lauer or Kim Lauer at 703.796.1800.

Tetra Partnerships is a Reston-based, family-owned, full-service real estate development firm. Founded in 1978, Tetra is committed to the provision of first-class real estate properties and services to clients and tenants in the Washington metropolitan area. The firm has over two million square feet of office, retail and warehouse property under management and development, and has brokered over two billion dollars in transactions on behalf of its clients. For more information, visit www.tetrapartners.com.