Office
Boston Properties Wins 500,000-SF GSA Lease in Virginia
By Barbra Murray, Contributing Editor In the latest government lease to bolster the Northern Virginia office market, the General Services Administration has taken more than 500,000 square feet for the Defense Intelligence Agency (DIA) at a Patriots Park in Reston, Va. Under a 20-year deal with Boston Properties, the park’s owner, DIA will occupy about 520,000 square feet at Patriots Park, which is located about 20 miles west of Washington, D.C. “This will be a consolidation of DIA groups from various locations throughout Northern Virginia,” Leroy W. Battle, transaction manager with commercial real estate services firm CB Richard Ellis…
Dassault Systèmes’ 320,000 SF Lease is Boston’s Biggest of 2010
The company has just signed a long-term deal to occupy 320,000 square feet of Class A office, lab and data center in Waltham, Mass.
Crocker Leases 34,000 SF at Boca’s Mizner Park
Leasing activity is brisk at the Mizner Park Office Tower and Plaza Real Offices in downtown Boca Raton.
Downtown L.A.’s Union Bank Plaza Fetches a Whopping $332 PSF
The unencumbered 637,300-square-foot office tower did not come cheap.
Anthem Blue Cross in Connecticut Leases 218,000 SF at Would-Be Home of Failed Mortgage Lender
The Campus at Greenhill in Wallingford, Connecticut, a nearly completed 300,000-square-foot office building that had been slated to become the new home of the now-failed Mortgage Lenders Network USA Inc., lands a big fish to occupy two-thirds of the property.
Pizzuti to Develop Whirlpool’s $85M Corporate Office Campus in Michigan
With workers at 15 owned and leased locations in the area, Whirlpool’s goal is to unite staff members under a three-campus umbrella.
DivcoWest Acquires 640,000-SF Sacramento Office Portfolio
The portfolio includes one six-story office tower and five mid-rise buildings.
Premier 146,000-SF D.C. Office Building Trades for $93.5M
Investors continue to flock to the Washington, D.C., office market, and Falcon Real Estate Investment Company L.P. is one of the latest to snap up a premium property.
Merritt Properties Closes 36-Acre Land Purchase for Office Park Near Baltimore-Area Army Base
Preparing to answer growing demand induced by the federal government’s Base Realignment and Closure process, Merritt Properties wraps up the acquisition of a nearly 36-acre site for the development of a 265,900-square-foot office park in Aberdeen, Maryland.
$135M Financing Deal Closes for 300 Park Avenue
The premier office tower at 300 Park Avenue in New York City did not have debt attached to it a few days ago, but it does now.