The engineering and technology company, which maintains its headquarters in Manassas and had been leasing various office spaces in the area for the last several years, signed an eight-year lease with property owner Light Street Partners Ballston LP. Jones Lang LaSalle represented Light Street, while Gersten Commercial Real Estate repped DH.
Further details of the lease agreement have not been disclosed. Jones Lang LaSalle is presently marketing space in the class A office facility for $30 to $32.50 per sf.
Developed in 1988, 1005 N. Glebe is an eight-story structure that is also known as Fairgate at Ballston. Defense Holdings neighbors in the building will include the National Grocers Association, architectural and design firm Settles Associates Inc. and construction services company Structure Tone.
The company, expecting a growth spurt this year, wanted to remain close to its clients while gaining some elbow room. "We're on the cutting edge with brand new technology no one else has that building owners are clamoring to find out more about," Richard Martin, Defense Holdings president and CEO, says.
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