Linden Resources Renews 50,664 SF

HERNDON, VA-Linden Resources has renewed an industrial lease totaling 50,664 square feet  here. The company occupies part of one facility in the nine-asset park located on Redskin Drive. The building encompasses two blocks and totals 146,988 square feet. It has a bay of 7,920 feet available. OTR is the landlord, which was represented by Cushman & Wakefield’s Jon Lawrence and Michael Stuart. Sean Weidlein of CBRE repped the tenant.

Overall, the park is about 90% occupied and its asking rates range from $7.25 to $9 per square foot, triple net. The tenant renewed early because it wanted to do some work and needed the certainty of having a new lease in place, Lawrence tells GlobeSt.com. It was a welcome move by the landlord, given the still-soft Route 28 market.