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.
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.
Another older office complex in south Reston is being considered for redevelopment as a future residential neighborhood.
An affiliate of the Maryland-based developer Berman Enterprises has proposed replacing the three-building Makers Point campus at 11130, 11180 and 11190 Sunrise Valley Drive with more than 200 homes, including townhouses and, potentially, a multifamily residential building.
A new developer has stepped in to complete Reston’s Halley Rise neighborhood, but it says some changes are needed for that to happen.
Revised development plans submitted to Fairfax County by Halley Rise Holdings LLC on July 31 would concentrate office space on the south side of the approximately 36-acre property, moving two future buildings closer to the existing One and Two Halley Rise offices.
A data center operator with multiple locations in Northern Virginia is establishing company headquarters in Reston.
Reston Station developer Comstock Companies announced that QTS Data Centers signed a lease at 1800 Reston Row Plaza in Reston Station. The data center operator will occupy 77,000 square feet in the building’s entire 11th, 12th and 13th floors.
Another developer is circling older office buildings in downtown McLean as a prime spot for new housing.
The D.C.-based home builder Highcrest has proposed redeveloping the low-lying offices at 6816 and 6824 Elm Street with a single mixed-use building that could include 115 residential units as well as some retail and office space.
A currently precarious federal contracting landscape has one major company rethinking its office needs in Fairfax County.
The Mitre Corporation is seeking to revise a master plan approved eight years ago for its Tysons headquarters campus, consolidating unbuilt office space that was previously going to be spread across five new buildings into two high-rise towers. One existing building and three undeveloped lots would be replaced by multifamily housing.
Update — The Fairfax County Planning Commission unanimously recommended approval at its July 8 meeting of the proposed Coppermine Commons III redevelopment after staff confirmed that the lingering transportation concerns have been resolved.
“Thank you to the applicant and to staff for getting this worked out. We really appreciate it,” Dranesville District Planning Commissioner Alyssa Batchelor-Causey said following the vote.
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).
