USAA, LA developer pitch residential conversion of Virginia office complex


San Antonio-based USAA Real Estate Co. is partnering with Los Angeles-based developer Lowe on a plan to transform at least part of a 1980s office complex in Alexandria, Virgina, into a 400-unit residential development.

Lowe is moving forward on the project after buying the Park Center complex in January as part of a joint venture with USAA Real Estate. The two companies also partnered on developing the 705,000-square-foot National Science Foundation headquarters on Alexandria's Eisenhower Avenue…

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