Located at the intersection of Route 28 and Route 7, the single-story building was developed four years ago by owner Lerner Enterprises. Cushman & Wakefield's Marc A. Bassin represented Lerner, while Donohoe Real Estate Services' Charles M. Matincheck spoke for Inova. Additional terms of the transaction have not been disclosed. The average rate for class A space in Loudoun County is $26.01 per sf, according to Cushman & Wakefield's Third Quarter 2005 MarketBeat Snapshot.
Inova's expansion comes less than a year after the organization moved into its original 23,900-sf home, which currently houses its Blood Donor Center. The new space will be the site of the organization's IT department. With Inova's new lease in place, 45745 Nokes has 38,500 sf of vacant space remaining.
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