Search
 

General Dynamics Renews 60,000-SF Lease at Washington Tech Park

CHANTILLY, VA-General Dynamics Government Systems Corp. stays on at the Washington Technology Park at 15000 Conference Center Dr. with the renewal of its lease on 60,000 sf of space in the 470,400-sf class A office structure.

By Barbra Murray | Updated on March 19, 2002

CHANTILLY, VA-General Dynamics Government Systems Corporation has renewed its lease of 60,000 sf of space at 15000 Conference Center Drive, also known as the Washington Technology Park. Corporate Office Property Trust acquired the five-story, 470,400-sf building late last year for $58.2 million. The 13-year old building is fully leased but all contracts–which held an average length of 6.5 years–are scheduled to expire by 2004; General Dynamics’ lease is among the first to be renegotiated.

General Dynamics’ lease was scheduled to expire in December and the company had been paying $13.50 per-sf for the space. Transwestern Commercial Services senior vice presidents Paul DeFillippes and Brett Diamond represented the company in the deal, however, specific terms of the renegotiated contract are not available. Other tenants in the Class A office building include Dyncorp, Genuity, and Verizon. All six building tenants had been paying triple-net rents ranging from $13.50 and

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.