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MRP Realty Announces Plans for 600,000-Square-Foot Mixed Use Project at University Center in Loudoun County, VA “DEVELOPMENT TO INCLUDE OFFICE, HOTEL AND RETAIL”

ASHBURN, VA --- MRP Realty, in venture with The Brookdale Group and J. Donegan Company, announced plans for the development of a 600,000 square foot “amenity-rich” office park at the intersection of Route 7 and Loudoun County Parkway in the Ashburn area of Loudoun County.

Lakeview at University Center will contain up to 440,000 square feet of office space in four buildings, an 80,000 square foot hotel and 80,000 square feet of supporting retail services to include two banks and multiple restaurants. Site work for the first phase of the $150 million project is scheduled to commence in November.

“We are very excited about Lakeview at University Center,” said Bob Murphy, MRP managing principal. “Our overriding concept at Lakeview is to create a setting that not only provides our corporate customers with a well-located, well-designed, aesthetically pleasing environment, but also incorporates on-site services. With its location on the future Loudoun County Parkway/Route 7 interchange, eye-catching water features, a landscaped plaza, and accessible walk-to amenities; Lakeview offers extraordinary value.”

The first phase of the project is slated for completion in early 2008; the second phase, early 2009. Office leasing will be handled by Cassidy and Pinkard while Trammell Crow Company has been named the retail broker. The architect is CMSS and the landscape architect is Lewis Scully Gionet.

MRP Realty is a commercial real estate development and investment company founded by former Trammel Crow Company executives Bob Murphy, Fred Rothmeijer, and Ryan Wade in 2005. Lakeview at University Center is MRP Realty’s second project to break ground since the firm’s founding.

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