Two office buildings on the Fair Oaks Mall campus have changed hands in a $12.5 million deal that their new owners hope will jumpstart a revitalization.
The commercial real estate firm Silverline Equities announced Tuesday (June 16) that it has acquired Greenwood Plaza and Oakwood Center buildings at 12015 and 11781 Route 50.
Further reductions in Fairfax County’s office building inventory are needed, but the commercial office sector is not a dinosaur destined for extinction, industry officials say.
“We’re seeing our existing tenants … beginning to need more space,” Barry Bass, a cofounder of the real estate investment firm Silverline Equities, told the Board of Supervisors’ Council for Economic Opportunity on Tuesday (June 16).
Interior demolition work is underway in the former Matchbox suite at Reston Station, but the new occupant won’t be the community-serving retail local residents likely hoped to see.
The approximately 5,500-square-foot space on the ground floor of the office building at 1900 Reston Metro Plaza is being incorporated into the future headquarters of engineering and technology contractor Amentum, a spokesperson for property owner and developer Comstock Companies says.
Comstock Companies is adding another office campus to its extensive collection of properties in the Silver Line corridor.
The developer, which both built and is based in Reston Station, announced last Friday (April 10) that it has acquired Woodland Pointe, a 6.77-acre office complex in the McNair area of Herndon just south of the Dulles Toll Road.
Fresh off its $50 billion merger with rival Discover, Capital One has turned to the Scotts Run neighborhood in Tysons as its next acquisition target, setting the stage for a possible expansion of its headquarters campus south of Route 123 (Dolley Madison Blvd).
Through an affiliate named Dolley Madison West LLC, the financial corporation spent $125 million between Feb. 24 and 26 to buy approximately 14.7 acres of land along a roughly half-mile stretch of Old Meadow Road and Chain Bridge Road, the Washington Business Journal reported.
A venture capital firm that focuses on national security and technology companies is bouncing from one growing Reston development to another.
Currently based at Reston Town Center, Razor’s Edge Ventures will relocate its headquarters to the Row at Reston Station after signing a lease for approximately 15,000 square feet of space, property owner Comstock Companies announced Wednesday (Feb. 11).
Fairfax County’s police training academy could someday be co-located with a data center.
A developer identified as SCG Global Holdings LLC has offered to purchase county-owned land in Chantilly that currently hosts several Fairfax County Police Department facilities in order to build a data center.
Fairfax County needs to take a more hands-on approach to helping owners repurpose aging commercial properties, one local government leader says.
“We know where they are. We have this information. Let’s identify the top 10, 15 opportunities and let’s go to them,” Board of Supervisors Chairman Jeff McKay said at an Economic Initiatives Committee meeting on Tuesday (Feb. 10).
An independent bookstore in Vienna will relocate within the next year after its owner purchased a building nearby.
After 10 years of leasing its current storefront at 110 Church Street NW, it was time to find a permanent home for Bards Alley Bookshop, owner Jennifer Morrow announced today (Wednesday).
A national apparel and textile distributor has leased approximately 95,600 square feet of warehouse space at the historic Robinson Terminal property in Springfield.
The transaction “stands as one of Northern Virginia’s largest industrial lease commitments this past year,” according to George Boosalis, principal broker of Boosalis Properties, which represented the tenant for the lease at 7201 Wimsatt Road.
