A pair of commercial centers in Fairfax County could get some updates after changing hands last week in a $58 million deal.
The McLean and West Fairfax commerce centers were acquired on Aug. 28 by the Fairfax-based commercial real estate firm Aggregate Real Estate Investors, which also took over two properties in Loudoun County as part of the transaction with Chantilly’s Clarke-Hook Corporation.
An information technology contractor based in Reston has secured a new, larger headquarters office, even as its parent company works to finalize a recently announced merger with an IT startup in Tysons.
MetroStar Systems signed a lease last week for 37,844-square-feet of office space in the nine-story building at 12010 Sunset Hills Road in Reston Town Center.
Four years after construction finished on the Vienna Market townhouses, the commercial space intended to support the new homes and draw visitors to a central stretch of Maple Avenue remains empty.
That could soon change after the owner of a new medical spa bought approximately 5,500 square feet of commercial space — more than half of the development’s available 8,200 square feet — for $2.55 million earlier this month.
A pair of high-rise office buildings near the Spring Hill Metro station in Tysons has changed hands with pending redevelopment plans unrealized.
The Highline at Greensboro District offices at 8401 and 8405 Greensboro Drive were acquired Tuesday (Aug. 18) for $77.5 million by Finmarc Management, a Bethesda-based commercial real estate firm that specializes in picking up and revitalizing properties it views as under performing their potential.
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).
