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Dulles Office Property Nearing 100% Occupancy

DULLES,VA-Airport activity and asking rental rates that are slightly less than market value drive tenant interest.

By Erika Morphy | Updated on November 08, 2006

DULLES,VA-A 109,065-sf office building on the Route 28 north corridor is nearing 100% occupancy as a transport company picks up 25,000 sf and two other pending leases move to completion.

Referred to as Dulles West, the building is located on 44965 Aviation Dr. Transwestern, representing the building’s owner Velsor Properties, just negotiated a 25,003-sf lease with Gemini Air Cargo. Matt Bundy, Allen McBride and Josh Masi, in Tysons’ Corner, represented Velsor. Cushman & Wakefield brokers Jude Collins and Kirk Boyd, also in Tysons’ Corner, represented Gemini.

Bundy tells GlobeSt.com if two additional pending leases close, the building will be 100% occupied. He cites the growing activity and construction at Dulles International Airport as a key factor. “One reason we are going to be 100% occupied–which a lot of buildings on this block can’t say–is because of Dulles. We are on its power grid and are located very close by.” The building’s tenants are comprised of transport companies such as Gemini, engineers that need to be close to the work and government agencies, he says.

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