Alexandria patent office property tax suits settled

Alexandria has settled its lawsuits with the owner of the U.S. Patent and Trademark Office over the value of the property.

The property owner, LCOR Alexandria LLC, sued the city over its 2003 and ’04 real estate assessments, claiming the city overvalued the Patent and Trademark Office’s new 2.5 million-square-foot Alexandria headquarters. LCOR also appealed its 2007 assessment.