The Commercial Realty column in Washington Business yesterday incorrectly listed where Standard Oil of Indiana has leased space. It is 1615 M St. NW.

Construction has begun on a four-story, 44,000-square-foot office building at the intersection of Interstate 66 and Chain Bridge Road in Fairfax, the developer, Gary P. Grimm Inc., has announced.

The office building features a two-story, naturally lighted entrance lobby, floor-to-ceiling vision glass for the typical office, and a limited amount of covered parking.

Grimm is handling leasing, while the Pace Group is the architect and general contractor. Occupancy is scheduled for early next year.

Other recent developments in commercial realty in the Washington metropolitan area:

* The Public Broadcasting Service has signed a lease for 95,000 square feet at 1320 Braddock Place in Alexandria, where it will reestablish its headquarters, the Savage/Fogerty Cos. has announced.

Standard Oil of Indiana has signed a 10-year lease for 6,715 square feet at Sumner Square, located at 1100 17th St. NW. In addition, Details, a full-service firm that specializes in planning conferences and events, has leased 2,200 square feet at the same location.

* Impact Advertising has signed a three-year lease for 8,364 square feet of space at 1341 G St. NW.

* The National Organization for Victim Assistance has signed a three-year lease for 2,600 square feet of space at 717 D St. NW.

* Cable Television Administration and Marketing Society Inc. has signed a lease for 1,800 square feet of office space at 1220 L St. NW.

* Northern Telecom, a large manufacturer of digital telecommunication systems, has signed a lease for 10,000 square feet at Centennial Plaza II, a 180,000-square-foot office complex at 8391 Old Courthouse Rd. in Vienna. Rent for the multiyear lease totals $730,000.