BETHESDA, MD-Ownership of the 207,000-sf office building at 6116 Executive Blvd. officially changes hands with the closing of an $81.5-million transaction. The class A property is 100% occupied, with the National Cancer Institute leasing 86% of the space to house part of its headquarters.
RESTON, VA- Comstock Homebuilding is on track to acquire two Northern Virginia area condominium conversion properties. The Reston, VA-based developer will acquire the 259-unit Carter Lake Condominiums in Reston, and the 316-unit Bellemeade Condominiums in Leesburg.
MANASSAS, VA-A new laboratory will rise up at George Mason University's Prince William County campus. The university just received a $25-million grant from the National Institutes of Health. The 83,200-sf research facility, which will focus on potential diseases caused by bioterror threats, will cost a total of $42 million to realize.
CHANTILLY, VA-The Virginia Department of Transportation decides to renew its commitment to 122,300 sf at the 188-acre Avion Business Park. The 166,000-sf office building that the state government agency occupies is located at 14685 Avion Parkway and is 99% leased.
CHANTILLY, VA-The Virginia Department of Transportation decides to renew its commitment to 122,300 sf at the 188-acre Avion Business Park. The 166,000-sf office building that the state government agency occupies is located at 14685 Avion Parkway and is 99% leased.
SPRINGFIELD, VA-Ownership of the Cary Building changes hands, courtesy of a transaction valued at nearly $8.3 million. Located near the Capital Beltway at 8136 Old Keene Mill Rd., the 52,400-sf office property is fully occupied and counts the County of Fairfax as its lead tenant.
BETHESDA, MD-The office facility at 3 Bethesda Metro has a slew of new and extended lease agreements that leave the 365,000-sf building with little room to spare. Only 8,000 sf of the class A office space remain available.
MCLEAN, VA-Optimus Corp. forsakes Maryland's Montgomery County for Virginia's Fairfax County as it commits to 17,900 sf at 7926 Jones Branch Dr. in Tysons Corner. The move allows the company to consolidate its offices onto a single floor and to be within close proximity to its business associates.
GREENBELT, MD-The development of the Exploration Sciences Building at NASA's Goddard Space Flight Center moves forward with the kickoff of design activity for the 235,000-sf laboratory and office project. Architecture and engineering firm EwingCole is behind the design of the building, which will cost an estimated $65 million to realize.
MCLEAN, VA-Capital Automotive REIT commits to a merger agreement with a group operating under the advisement of New York City-based real estate investment management services provider DRA Advisors LLC. Capital Automotive will be acquired by the investors for $3.4 billion in cash payouts for common shares and the assumption of existing debt.