The additional 5,400 sf will allow the firm to accommodate an expected growth spurt. In conjunction with the expansion, DDL Omni extended its lease on the entire take of space through 2011.

"In addition to accommodating future growth, DDL Omni will also realize long-term savings by locking in today's favorable lease rates through 2011," says Paul Schweitzer, executive vice president and co-branch manager of the Suburban Washington office of Studley, which represented the tenant. Property owner Prentiss Properties was represented internally. Terms of the lease agreement have not been disclosed; however, Prentiss markets space at 8260 Greensboro for approximately $25 per sf.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.