Northern Virginia New Supply - Revised <strong>4Q</strong> 2007QUARTER SUBMARKET ADDRESS BUILDING NAME DEVELOPER/OWNERDelivery Date of 2007 3,140,198 2,237,731 902,467 28.74%PROJECTTYPEBLDG SIZE SFArlington County 177,046 10,926 166,120 93.83%Q4 Ballston 4075 Wilson Boulevard Two Liberty Center Shooshan Spec 177,046 10,926 166,120 93.83% N/A Cushman & WakefieldDFI International (102,500 SF),Strategic Analysis (41,000 SF)Fairfax County 2,506,533 1,963,144 543,389 21.68%Q1 Oakton 10580 Arrowhead Drive Redwood Plaza III SMII Fairfax LLC Spec 40,789 40,789 0 0.00% $32.00 /fs CB Richard EllisQ1 Rt 28 S 14291 Park Meadow Drive Plaza East II Tishman Speyer Spec 123,426 123,426 0 0.00% $32.00 /fs Tishman SpeyerQ1 Rt 28 S 4840 Westfields Boulevard Stoneleigh II Normandy Glenbrook II, LLC Spec 105,833 105,833 0 0.00% Negotiable Cassidy & Pinkard ColliersQ2 Reston 11790 Sunrise Valley Drive Reston Square The JBG Companies Spec 153,355 20,934 132,421 86.35% Negotiable CB Richard EllisWhitney, Bradley & Brown(65,343 SF)Q2 Rt 28 S 14295 Park Meadow Drive Plaza East I Tishman Speyer Spec 123,426 123,426 0 0.00% $32.00 /fs Tishman SpeyerQ2 Rt 28 S 15052 Conference Center Drive Stonegate II Opus East BTS 145,000 0 145,000 100.00% N/A Opus East Lockheed Martin (144,196 SF)Q2 Rt 28 S 14426 Penrose Place Penrose Center Zumot Real Estate Spec 150,384 150,384 0 0.00% $27.00 /fs Millenium RealtyQ3 Herndon 13820 Sunrise Valley Drive South Lake at Dulles Corner Brandywine Realty Trust Spec 267,351 267,351 0 0.00% $36.00 /fs CB Richard EllisQ3 Rt 28 S 2900 Towerview Road 2900 Towerview 2900 Towerview Road, LLC Spec 140,000 58,866 81,134 57.95% $16.75 /nnn Transwestern Pulse Communications (78,000Q3 Herndon 2300 Dulles Station Boulevard Dulles Station West Building 1 WRIT Spec 180,000 180,000 0 0.00% $38.00 /fs Grubb & EllisQ3 Herndon 2260 Woodland Pointe Avenue Woodland Pointe Tishman Speyer Spec 184,834 0 184,834 100.00% N/A Tishman Speyer Volkswagen (184,834 SF)Q3 Rt 28 S 13857 McLearen Drive Lincoln Park III @ Dulles International Lincoln Property Company Spec 202,992 202,992 0 0.00% $32.50 /fs Lincoln Property CompanyQ3 Rt 28 S 15020 Conference Center Drive Mission Ridge 1 Pitcairn Spec 156,041 156,041 0 0.00% $32.50 /fs Jones Lang LaSalleQ3 Rt 28 S 15030 Conference Center Drive Mission Ridge 2 Pitcairn Spec 156,040 156,040 0 0.00% $32.50 /fs Jones Lang LaSalleQ4 Herndon 2550 Wasser Terrace Overlook Towers at Dulles Corner Vardell Realty Investments Spec 217,074 217,074 0 0.00% $36.00 /fs Millennium RealtyQ4 Rt 28 S 14370 Newbrook Drive Commonwealth Centre BPG Properties Spec 159,988 159,988 0 0.00% $32.00 /fs Millennium RealtyLoudoun County 456,619 263,661 192,958 42.26%Q1 Rt 28 N 21575 Ridgetop Circle Ridgetop III @ Loudoun Tech Center Bavar Properties Group Spec 90,000 90,000 0 0.00% Negotiable Cassidy & Pinkard ColliersQ1 Rt 7 43480 Yukon Drive Building A Edens & Avant, Inc. Spec 60,000 27,191 32,809 54.68% $26.00 /fs The Wiley Companies Kaiser Permanente (30,000 SF)Q1 Rt 28 N 43490 Yukon Drive Building B Edens & Avant, Inc. Spec 60,000 0 60,000 100.00% N/A The Wiley CompaniesLong & Foster (6,000), AllState(2,000 SF)Q2 Leesburg 801 Sycolin Road SE Park Center I LLC Spec 70,000 28,150 41,850 59.79% $25.00 /fs Sperry Van Ness/Vaaler County of Loudon (19,834 SF)Q3 Rt 28 N 22675 Glenn Drive Willow Creek Westdulles Properties Spec 57,000 57,000 0 0.00% $28.00 /fs CB Richard EllisQ4 Rt 7 19775 Belmont Executive Plaza Building A Belmont Land, LP Spec 119,619 61,320 58,299 48.74% Negotiable Cassidy & Pinkard Colliers Toll Brothers (58,294 SF)AVAILABLESPACE SFPRELEASEDSF%PRELEASERENTLEASING COMPANYMAJOR TENANTSQUARTER SUBMARKETADDRESSBUILDING NAMEDEVELOPER/OWNERDelivery Date of 2006 3,247,951 1,799,304 1,448,647 44.60%Alexandria 175,000 116,700 58,300 33.31%Q4 Old Town 1925 Ballenger Avenue Carlyle Center Carlyle-Lane-CFRJ Venture Spec 175,000 116,700 58,300 33.31% $46.00 /fs Jones Lang LaSalleArlington County 1,329,811 435,934 893,877 67.22%Q2 Crystal City 2777 Crystal Drive One Potomac Yard Potomac Yard Crescent Resources BTS 318,418 0 318,418 100.00% N/A Jones Lang LaSalle EPA (fully leased)Q2 Crystal City 2733 Crystal Drive Two Potomac Yard Potomac Yard Crescent Resources BTS 310,741 209,183 101,558 32.68% $42.50 /fs Jones Lang LaSalle EPA (95,937)Q3 Clar/CH/VS 3434 N. Washington BoulevardOrr Company / George MasonUniversity Foundation Spec 200,000 0 200,000 100.00% N/A Grubb & Ellis SRA (152,064 SF)Q4 Ballston 4401 Wilson Boulevard Ellipse at Ballston West NRECA Spec 250,652 78,010 172,642 68.88% $39.00 /fs TranswesternPlateau Systems (48,016 SF),Newspaper Association ofAmerica (37,016 SF)Q4 Ballston 950 N. Glebe Road The Regent JBG / Morgan Stanley Spec 250,000 148,741 101,259 40.50% $44.00 /fs Jones Lang LaSalleAmerican Trucking Association(105,900 SF)Fairfax County 1,222,554 860,019 362,535 29.65%Q2 Rt 28 S 3076 Centerville RoadLincoln Park II - Bldg B DullesInternational Ctr Lincoln Property Company Spec 96,920 75,914 21,006 21.67% $28.50 /fsCox Communications (13,097Lincoln Property Company SF) Arcolex (8,200 SF)Q2 Rt 28 S 14668 Lee Road Liberty Center 3 Westfields Duke Realty BTS 158,920 27,610 131,310 82.63% N/A Duke Realty SAIC (103,000 SF)Q2 Rt 28 S 5155 Parkstone Drive Park Stone Place Westfields Realty Capital Partners Spec 76,391 76,391 0 0.00% Negotiable Trammell CrowQ3 Fairfax Ctr 11325 Random Hills Road Bridgewater Corporate Center Archon Group Spec 200,000 200,000 0 0.00% Negotiable Lincoln Property CompanyQ4 Oakton 10580 Arrowhead Drive Redwood Plaza 3 Trammell Crow / SMII Fairfax Spec 40,789 40,789 0 0.00% $32.00 /fs Trammell CrowQ4 Falls Church 400 S Maple Avenue 500 Maple Project Atlantic Realty Companies Spec 85,000 30,614 54,386 63.98% $29.00 /fs Trammell CrowTax Analyst's (30,000 SF -owner occupied)Q4 Rt 28 S 15040 Conference Center Drive Independence Center 2 WestfieldsCarrAmerica / Columbia EquityTrust Spec 115,563 115,563 0 0.00% $30.00 /fs Grubb & EllisQ4 Rt 28 S 5860 Trinity Parkway Trinity Centre 2 Trinity Centre Clark Advisors Spec 150,000 100,000 50,000 33.33% $34.50 /fs Grubb & Ellis Carfax (50,000 SF)Q4 Rt 28 S 4800 Westfields Boulevard Stoneleigh 1 Westfields SMCI / Starco Properties Spec 105,833 0 105,833 100.00% N/A Jones Lang LaSalle Apptis (105,833 SF)Q4 Herndon 12930 Worldgate Drive Monument III @ Worldgate Monument Realty. Spec 193,138 193,138 0 0.00% $37.50 /fs Jones Lang LaSalleLoudoun County 237,790 135,617 102,173 42.97%Q2 Route 7 20110 Ashbrook Place Merritt Properties Spec 58,000 58,000 0 0.00% Negotiable Merritt PropertiesQ2 Route 7 19980 Highland Vista Drive Merritt@University Center II Merritt Properties Spec 64,290 42,117 22,173 34.49% Negotiable CB Richard EllisQ2 Route 7 44927 George Washington University Center I Clarke-Hook Corporation Spec 35,500 35,500 0 0.00% $24.00 /n CommonwealthQ4 Rt 28 N 22400 Shaw Road Four Sterling Park Lerner Enterprises BTS 80,000 0 80,000 100.00% N/A Diamond Property GSA-DEA (80,000 SF)Prince William County 282,796 251,034 31,762 11.23%Q2 Rt 29/I-66 10611 Balls Ford Road General's Ridge I Linden Investors Spec 48,000 48,000 0 0.00% $25.00 /fs Chalmers PropertyQ2 Woodbridge 2525 Pointe Center Court Northpointe Center Spec 38,210 21,709 16,501 43.19% N/A Norman RealtyEDS (9,200 SF) ComputingTechnol (9,400 SF)Q3 Woodbridge 3800 Fettler Park Drive Quantico Center II Spec 52,000 52,000 0 0.00% $26.00 /fs Norman RealtyQ3 Manassas 9110 Railroad DriveBarros Acquistion &Developement Spec 30,000 14,739 15,261 50.87% $24.00 /fs Norman RealtyQ4 Woodbridge 12701 Marble Stone Drive County Center II Kettler Spec 55,680 55,680 0 0.00% $27.50 /fs NAI KLNBQ4 Rt 29/I-66 10432 Balls Ford Lane Battlefield Overlook II WTG Properties Spec 58,906 58,906 0 0.00% $26.50 /fs WTG PropertiesNote: Only bldgs added to supply are included on this listSupply consists of all A, B and C office bldgs > 30,000 square feet, excluding all medical, condo and owner occupied bldgsPROJECTTYPEBLDG SIZE SFAVAILABLESPACE SFPRELEASED %SF PRELEASERENTLEASING COMPANYMAJOR TENANTS
Northern Virginia Under Construction Pipeline - Revised <strong>4Q</strong> 2007Delivery Status Submarket Address Building Name Owner Project Type RBA SFAvailable SpaceSFPreleased SF% Asking RentPreleased $ PSFLeasing CompanyMajor TenantsNorthern Virginia 2008-2009 5,936,219 4,276,079 1,585,210 26.70%Delivery Date of 2009 653,095 653,095 0 0.00%Arlington County 360,000 360,000 0 0.00%Q3 UC Crystal City 2805 S. Crystal Drive National Gateway I at Potomac Yard Meridian Group Spec 360,000 360,000 0 0.00% Negotiable Jones Lang LaSalleFairfax County 293,095 293,095 0 0.00%Q3 UC Tysons 8030 Towers Crescent Towers Crescent AEW, Quadrangle Spec 293,095 293,095 0 0.00% $52.00 /fs Jones Lang LaSalleDelivery Date of 2008 5,283,124 3,622,984 1,585,210 30.01%Alexandria 475,472 325,367 150,105 31.57%Q1 UC Eis Ave 2318 Mill Road Carlyle Overlook MRP Realty Spec 250,000 121,895 128,105 51.24% Negotiable Cassidy & Pinkard ColliersAmerican Society of Clinical Oncology(128,105 SF)Q2 UC Eis Ave 2331 Mill Road Eisenhower Center III Office Bldg Carlyle Development Corp. Spec 98,000 76,000 22,000 22.45% $39.00 /fs Simpson Properties LimitedQ4 UC Eis Ave 1920 Ballenger Avenue Ballenger East 1900 Ballenger Ave LLC Spec 60,033 60,033 0 0.00% Negotiable McShea & Company, Inc.Q4 UC Eis Ave 2050 Ballenger Avenue Ballenger West 2050 Ballenger Ave LLC Spec 67,439 67,439 0 0.00% Negotiable McShea & Company, Inc.Arlington County 1,215,432 582,432 633,000 52.08%Q1 UC Rosslyn N. Lynn St @ N. 19th Street Waterview Paramount Group Spec 633,000 0 633,000 100.00% N/A Jones Lang LaSalle Corporate Executive Board (625,062 SF)Q2 UC Shirlington 2800 S Randolph Street Randolph Square Transwestern Spec 202,234 202,234 0 0.00% $33.50 /fs TranswesternQ3 UR Courthouse 1310 N. Courthouse Road One Verizon Plaza MRP Realty Spec 380,198 380,198 0 0.00% $40.00 /fs Jones Lang LaSalleFairfax County 2,834,110 2,095,523 738,587 26.06%Q1 UC Herndon 2303 Dulles Station Boulevard Dulles Station East Building Crimson Partners Spec 186,732 180,000 6,732 2.69% $35.50 /fs CB Richard EllisQ1 UC Herndon 2551 Dulles View Drive Dulles View Fifield Companies Spec 357,000 253,000 104,000 29.13% Negotiable CB Richard Ellis GTSI (104,000 SF)Q1 UC Reston 11091 Sunset Hills Road Reston Eastpointe Sunset Corporate Plaza III LLC Spec 195,890 195,890 0 0.00% $36.00 /fs Millennium RealtyQ1 UC Reston 11950 Democracy Drive Building 2 <strong>Boston</strong> Properties Spec 125,100 125,100 0 0.00% $46.00 /fs Prospective Inc.Q1 UC Reston 1875 Explorer Street Building 1 <strong>Boston</strong> Properties Spec 260,000 104,300 155,700 59.88% $46.00 /fs Prospective Inc.NII Holdings (52,000 SF), Rolls Royce(78,000 SF)Q1 UC Reston 1818 Library Street Building 3 <strong>Boston</strong> Properties Spec 250,000 125,845 124,155 52.64% $46.00 /fs Prospective Inc.Serco (84,000 SF), Federal Home Loans(25,000 SF), Mortgage ElectronicRegistration System (25,000 SF)Q1 UC Reston 12018 Sunrise Valley Drive Two Reston Crescent Brookfield Properties Spec 186,119 186,119 0 0.00% $37.00 /fs Cushman & WakefieldQ1 UC Rt 28 S 4807 Stonecroft Boulevard BTS 111,000 0 111,000 100.00% N/A Northrop Grumman TASC (111,000 SF)Q2 UC Merrifield 3120 Fairview Park Drive Fairview Property Investments Spec 183,731 183,731 0 0.00% $39.75 /fs Cassidy & Pinkard ColliersQ2 UC Rt 28 S 14720 Avion Parkway Lakeside III at Avion Petula Prolix Development Co. Spec 124,000 124,000 0 0.00% $31.50 /fs Cassidy & Pinkard ColliersQ2 UC Rt 28 S 14501 George Carter Way Long & Foster Corporate HQ Long & Foster BTS 285,000 100,000 185,000 64.91% Negotiable CB Richard Ellis Long & Foster (185,000 SF)Q2 UC Tysons 7930 Jones Branch Drive Park Place II B.F. Saul Company Spec 323,698 323,698 0 0.00% $45.00 /fs Cushman & WakefieldQ2 UC Herndon 1151 Elden Street Eleden Place Montgomery Development Co. Spec 52,000 0 52,000 100.00% $24.00 /fs Sperry Van Ness/VaalerQ2 UC Rt 28 S 3072 Centreville Road Lincoln Park II-Bldg C Lincoln Property Company Spec 96,920 96,920 0 0.00% Negotiable Lincoln Property CompanyQ2 UC Rt 28 S 3074 Centreville Road Lincoln Park II-Bldg A Lincoln Property Company Spec 96,920 96,920 0 0.00% Negotiable Lincoln Property CompanyLoudoun County 683,110 619,627 63,483 9.29%Q1 UC Leesburg 540 Fort Evans Road Fort Evans Plaza II Spec 33,000 33,000 0 0.00% Negotiable Uniwest Commercial RealtyQ1 UC Leesburg 552 Fort Evans Road Fort Evans Plaza II Spec 33,000 33,000 0 0.00% Negotiable Uniwest Commercial RealtyQ1 UC Rt 28 N Indian Creek Drive Loudoun Gateway V The Alter Group Spec 128,121 128,121 0 0.00% Negotiable Grubb & EllisQ1 UC Rt 7 20116 Ashbrook Place Merritt Properties BTS 60,000 0 60,000 100.00% N/A Merritt Properties American Red CrossQ1 UC Rt 28 N 21625 Red Rum Drive Building A Kennedy Associates Spec 51,153 51,153 0 0.00% $17.75 /nnn The Wiley CompaniesQ1 UC Rt 28 N 44095 Pipeline Plaza Ashburn Crossroads Professional Bldg Keane Enterprises Spec 57,600 54,117 3,483 6.05% $26.00 /nnn Marathon Realty GroupQ2 UC Rt 28 N 45600 Woodland Road Dulles Town Crossing RREEF Spec 115,118 115,118 0 0.00% $29.75 /fs Jones Lang LaSalleQ2 UC Rt 28 N 45610 Woodland Road Dulles Town Crossing RREEF Spec 115,118 115,118 0 0.00% $29.75 /fs Jones Lang LaSalleQ3 UC Rt 7 Lansdowne Boulevard Building 4 Spec 90,000 90,000 0 0.00% Negotiable Lansdowne Real EstatePrince William County 75,000 75,000 0 0.00%Q3 UC Rt 29/I-66 13575 Heathcote Boulevard Building A Hertiage Hunt Commerical LLC Spec 75,000 75,000 0 0.00% Negotiable Larsen CommercialNote: Only bldgs added to supply are included on this listSupply consists of all A, B and C office bldgs > 30,000 square feet, excluding all medical, condo and owner occupied bldgs
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