PS Bus. Parks, Inc. Announces the Grand Opening of Highgate at The Mile, a 395-Unit, Luxury Apartment Community in Tysons, Vi...
June 01 2017 - 5:43PM
Business Wire
PS Business Parks, Inc. (NYSE:PSB) announced today the grand
opening of Highgate, a luxury mid‐rise apartment community located
in Tysons, Virginia. The 395-unit, 435,000 square foot building is
located within the company’s 750,000 square foot, 45 acre office
park known as The Mile.
Highgate, which the Company developed in a joint venture with
KETTLER, began welcoming new residents this week. Final
construction is anticipated to be completed in the fourth quarter
of this year. Residents of Highgate will be within walking distance
of Metro, world‐class shopping, restaurants, entertainment and
major employers. Highgate also offers plenty of green space with
two parks, a one‐mile loop for walkers and joggers and a walking
trail connecting neighboring office and residential communities as
well as the Metro station. The new community fronts Jones Branch
Drive and will help transform this suburban office campus into a
new urban community within a park-like setting which is unique in
Tysons.
“The development of Highgate demonstrates our ability to
transform a portion of one of our business parks in the first step
of a new master plan in a premier location,” said Maria R.
Hawthorne, President and CEO of PS Business Parks. “Highgate at The
Mile will significantly improve our holdings in the dynamic Tysons,
Virginia market, enhancing the amenities available to both our
office and residential customers while increasing the value of the
park.”
About KETTLER
KETTLER and KETTLER Management are owners, operators and
developers of apartments, condominiums and mixed‐use projects in
the Washington, D.C. metropolitan area and throughout the
mid‐Atlantic region. Headquartered in McLean, Virginia, the Company
has developed nearly 20,000 multi-family units, 5 million square
feet of commercial space, more than 46,000 homes in 25
master‐planned communities and many of the region’s premier
mixed‐use communities. For more information, visit
www.KETTLER.com.
Company Information
PS Business Parks, Inc., a member of the S&P Small Cap 600,
is a self-advised and self-managed real estate investment trust
(“REIT”) that acquires, develops, owns and operates commercial
properties, primarily multi-tenant flex, office and industrial
space. The Company defines “flex” space as buildings that are
configured with a combination of office and warehouse space and can
be designed to fit a number of uses (including office, assembly,
showroom, laboratory, light manufacturing and warehouse space). As
of June 1, 2017, the Company wholly owned 28.0 million
rentable square feet with approximately 4,900 customers
concentrated in six states.
Additional information about PS Business Parks, Inc. is
available on the Company’s website at psbusinessparks.com.
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PS Business Parks, Inc.Edward A. Stokx(818) 244-8080, Ext.
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