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Setting the Stage

Canadian-based firm Oxford Properties Group may be setting the stage for a large development deal with Washington, D.C.-based real estate firm Quadrangle Development Corp. After buying a 49 percent stake in 1001 G Street NW, a property owned by Quadrangle, Oxford Senior Vice President Chris Mundy said that he hopes to further expand the relationship with Quadrangle in the future. Plans for the property at 1001 G Street NW include renovating the 335,000-square-foot building and refilling its 70,000-square-feet of vacant space. [WBJ]