Who We Are

Currently completing its third decade of operation, Quadrangle Development Corporation is one of Washington's largest full-service commercial real estate developers. Quadrangle's business focus is on the development, ownership, and operation of investment-grade commercial and residential properties in Washington, DC, Virginia, and Maryland. The company is particularly proud of its "top- drawer" reputation with partners, lenders and tenants, and for the quality of its projects, which have won numerous awards.

Founded in 1971, Quadrangle has grown steadily, establishing various subsidiary entities that hold the company's real estate operations and investments. Through various affiliates, Quadrangle also provides asset management, leasing, property management, personnel and parking management for properties the company owns for its account or operates for others.

Since completing its first project 30 years ago, Quadrangle has built or acquired 38 separate buildings aggregating 11.3 million square feet at $2.8 billion in cost. These include build-to-suit facilities, dowtown mixed-ise complexes; multi-phase suburban office parks; freestanding office buildings, hotels and apartment complexes; and single-family subdivisions.

In terms of current activities, Qudrangle is an active buyer and builder. Over the past two years, the company has purchased $320 million worth of property, consisting of eight office buildings totaling 2.1 million square feet. The company continues to have a vigours acquisition program. In addition, Quadrangle has 10 new buildings in various states of development, totaling 2.8 million square feet with total cost of approximately $515 million. These include a downtown office building; six office buildings in teh Washington suburbs; a 500-lot residential subdivision; an apartment building; and two hotels.

Quadrangle has be a successful, growing company for three decades. The company has thrived through each of the periodic capital market fluctuations that have negatively impacted the commercial real estate industry. Apart from local focus, a key reason for this successful history is Quadrangle's commitment to operate as a private company and to avoid dependency on a narrow band of capitalization alternatives. Equally important, throughout its history, Quadrangle has maintained a strong balance sheet, has invested its capital in each of its projects, and has operated in partnerships capitalized to assure suitable equity resources and appropriate debt terms.

Awards

Through the years, many Quadrangle properties have received building and design industry awards. Below are some of our most valued accolades from the last 20 years.

901 E Street

• 1993 - 1994 Office Building of the Year "TOBY" Awards Presented by the Apartment and Office Building Association.
• 1994 Regional Recipient of the Building of the Year Award

1301 Pennsylvania Avenue

• 1979 Award for Excellence in Architectural Design Presented by the American Institute of Architects

Fairbrook

• 1987 Award for Best High-Tech Office Building Under 100,00 Square Feet Presented by the Northern Virginia Chapter of NAIOP

Grand Hyatt Hotel

• 1988 Award for Building of Excellence Presented by IWEA

National Place

• Certificate of Merit for Excellence in Construction for the Renovation of the North Office Lobby - Associated Builders and Contracters
• 1984 Award for Excellence in Architecutral Design Presented by the American Institute of Architects
• AIA Merit Award - Mixed Use Development
• AIA Merit Award - Retail - The Shops

Quadrangle Development Corporation

• 1987 Saluting Entrepreneurial Spirit in Washington, D.C. Presented by Peat Marwick
• 1991 Most Outstanding Project Award in the Interiors Category Presented by the Association of Builders and Contractors Inc.

Reston/Quadrangle - Software AG Headquarters

• 1989 Award of Distinction for teh Best Office Building Between 75,000 and 150,000 Square Feet Presented by NAIOP
• 1991 Award of Merit for the Best Mid-Rise (3-6 Stories) Office Building Presented by NAIOP
• 1992 Local Recipient of the AOBA/BOMA Building of the Year Award
• 1992 Regional Recipient of the AOBA/BOMA Building of the Year Award

The Ridges at Quince Orchard Park

• 1992 Award for Excellence for the Best Suburban Office Building (Under 150,000 Square Feet Category) Presented by NAIOP

The Crescent at Quince Orchard Park

• 1992 Award for Excellence - Research and Development Flex/Tech Warehouse Presented by NAIOP

The Summit at Quince Orchard Park

• 1987 Award for Excellence in Architectural Design Presented by the Potomac Chapter of the American Institue of Architects
• 1990 International "In Pursuit of Excellence Award" for the Best Building of the Year (Under 100,000 Square Feet Category) Presented by teh Potomac Chapter of the American Institute of Architects
• 1990 Recipient of the Office Building of the Year Presented by AOBA/BOMA

Washington Center

• 1990 Outstanding Project Award in the Commercial V Category, East and West Office Building (1990) - ABC
• 1994 - 1995 Local Recipient of the AOBA/BOMA Building of the Year Award
• 1994 - 1995 Regional Recipient of the AOBA/BOMA Building of the Year Award