Apr 11, 2005
The Alter Group Planning 300,000 SF Green building At The Crossroads at Westfields
Chicago, IL – The Alter Group (www.altergroup.com) is developing a 300,000 SF office building at The Crossroads at Westfields (www.crossroadsatwestfields.com), a Class A office park at Stonecroft Boulevard and Conference Center Drive in Chantilly, VA. Michael J. Alter, President of the Chicago-based national corporate real estate development firm, announced the new, sustainable building.
The building will be submitted for LEED™ certified by the United States Green Building Council (USGBC).
The land is currently owned by CSX Realty Development LLC, which is working with The Alter Group to develop the site.
The 18 acres within the prestigious Westfields Corporate Center business park occupies a technologically advanced environment close to the crossroads of Routes 28 and 50. The Crossroads at Westfields offers convenient access to the District of Columbia and northern Virginia; Chantilly is adjacent to Washington Dulles International Airport, three miles north of the park.
“The Crossroads at Westfields site is strategically located because it is within walking distance of the government’s National Reconnaissance Office (NRO), the Department of Defense agency that designs, builds and operates the nation’s reconnaissance satellites,” Alter said. “We are marketing The Crossroads at Westfields to blue-chip defense contractors who need Class A office space close to this vital national security agency.”
The country’s largest business park, the 1,100-acre Westfields is anchored by the NRO and currently is home to more than 5,100,000 SF of office and flex buildings in a campus-like setting. Ultimately, the park will encompass between 16,000,000 SF and 18,000,000 SF of office and industrial development.
The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies. Each offers specialized services including healthcare facility development, office and industrial brokerage, construction, and property management.
The firm, which was founded by William A. Alter in 1955, has developed close to 100,000,000 SF of speculative projects for its own portfolio and build-to-suit facilities for corporate users. This year, the company has 6,700,000 SF of space, worth $758,000,000, under development in growth markets across the nation. In addition, The Alter group owns 18 business parks nationally, and 1,500 acres of vacant, improved land for future development.
The firm ranks # 5 in the National Real Estate Investor survey of America’s top office developers.
CSX Realty Development owns, manages and develops property across a 23-state territory east of the Mississippi River. CSX Realty Development is an affiliate of CSX Transportation, Inc., a wholly owned subsidiary of CSX Corporation, a Fortune 250 company.