The lease arrangement involved the buyout/termination of a sublease, as well as the expansion and extension of an existing lease. The deal leaves the firm with an added 23,000 sf for an aggregate 63,600 sf.
Financial details of Cooley Godward's new lease have not been made available; however, class A space in the Reston/Herndon submarket goes for an average $25.79 per-sf, according to Cushman & Wakefield's Year End 2004 Market Beat report. Located just seven miles from Washington Dulles International Airport, the five-year-old One Freedom Square is part of Boston Properties' portfolio.
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
Already have an account? Sign In Now
© 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.
