News

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.


Countywide

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).


Around Town

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).


News

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.


Around Town

Rose Hill Plaza’s future will include Safeway — at least for the immediate future.

Owner Combined Properties announced on Nov. 20 that the grocery chain has signed a lease extension keeping it at the shopping center in Rose Hill “for more than a decade to come.”


News

A longstanding movie theater in Centreville has changed hands, raising the prospect that it could be redeveloped in the future.

Finmarc Management, a commercial real estate firm based in Bethesda, Maryland, announced on Friday (Nov. 21) that it has acquired Cinemark Centreville (6201 Multiplex Drive) and Xscape Theatres (7710 Matapeake Business Drive) in Prince George’s County for a combined $15.1 million.


Countywide

The Reston and Herndon business corridor was the standout for office leasing across Northern Virginia in the third quarter, according to new data.

While total leasing volume regionwide dipped 25.8% year-over-year, the Reston and Herndon area posted its best performance in three years and totaling about one-third of leasing activity in Northern Virginia as government contractors shrugged off economic challenges and looked toward higher defense spending, according to Savills Research & Data Services.


News

A company that helps thousands of companies around the world manage their personnel and finances is planning a move westward along the Silver Line corridor.

Workday will relocate its existing office in Tysons to Reston Town Center, where it has signed a lease for all of the eighth and ninth floors at 1818 Library Street, property owner and developer BXP announced last Thursday (Oct. 2).


News

A national TV broadcast company based in Tysons could soon be subsumed into a rival.

Tegna, which became the first tenant to move into Boro Tower in 2019, announced today (Tuesday) that it has entered into a $6.2 billion agreement to be acquired by Nexstar Media Group, a media company whose local holdings include the CW affiliate DC News Now and the online political news outlet The Hill.


News

The Washington Business Journal did a little snooping and discovered that McLean’s own Central Intelligence Agency (CIA) is buying up a new office in Dulles.

The Journal reported on Friday (June 27) that the CIA — appropriately through a pseudonym but linked to the same exclusive ZIP code — has purchased the 434,000-square-foot Dulles Discovery 2 office building at 13870 Air and Space Museum Parkway.


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