ANNANDALE, VA-Heritage Center IV, the 200,000-sf office building on Little River Turnpike, has welcomed a new tenant with Bank of America’s commitment to nearly 20,000 sf of office space taking up the entire top floor of the 10-story building. According to the property’s leasing and management agent, Spaulding & Slye Colliers, space at Heritage Center IV goes for $23.50 to $28.50 per-sf. Spaulding & Slye represented building owner Royal Management & Development Inc. in the deal, while Trammel Crow Co. stood in for the tenant.

“Bank of America has shown a large commitment to the Annandale market and clearly recognizes the advantage of being centrally located for ease of access to the entire DC Metro region,” Royal Management president Imad Baker notes. Situated in a spot that can be accessed with ease from any of the major surrounding roads–such as Rte. 495, I-95, I-395, and I-66–Heritage IV is the last installment of Royal Management’s four-structure, class A Heritage compound. Bank of America joins agricultural concern Colonial Mechanical Corp. in the building.

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.