Advance Realty Announces More Than 102,000 Square Feet of Lease Transactions at Metro East Business Campus in Landover, Md.
Advance Realty, a leading Northeast owner and developer of Class A office, mixed-use and flex-space properties, today announced that it has completed three lease transactions, totaling 102,866 square feet, at Metro East Business Campus in Landover, Md.
“We have experienced tremendous leasing activity at Metro East Business Campus in the third quarter of 2010, which is a strong reflection of the desirability of this renovated office campus, as well as our responsiveness and ability to execute lease transactions quickly to meet the requirements of our tenants,” stated David Fisher, Senior Vice President and Regional Managing Director for Advance Realty’s Washington, D.C. region.
The following lease transactions were recently completed at Metro East Business Campus:
• Northrop Grumman Systems Corporation, a government contractor, has expanded its lease at 8300 Professional Place. The company now occupies the entirety of the three-story, 60,860-square-foot, brick building, which features a lobby with stone flooring and wall treatments. In order to address the space requirements of Northrop, Advance successfully relocated four of the building’s previous tenants to other buildings within the company’s Metro East portfolio. Todd Bosley and Tim Jaeger of CB Richard Ellis represented Northrop in the transaction. Fisher represented Advance Realty.
• IRS/GSA has renewed its 39,258-square-foot lease at 8100 Corporate Drive, a four-story, 90,753-square-foot brick building featuring a four-story atrium with granite flooring, detailed millwork and matching wall covering.
• Powell Electrical has assigned a 2,748-square-foot lease at 8200 Professional Place, a one-story, 28,601-square-foot brick building featuring separate entrances into each tenant suite with individual tenant signage. Dean Stiles of Cushman and Wakefield represented Powell Electrical, in the transaction. Rob Pugh of Edge Commercial represented Advance Realty.
Tenants of Metro East Business Campus enjoy access to on-site amenities, including a fitness center, hotel and deli. Metro East Business Campus is located within walking distance to New Carrollton train station, which is serviced by Metrorail, Amtrak and MARC, and is in close proximity to Route 50, Capital Beltway (I-495) and IRS Regional Headquarters.
About Advance Realty
Advance Realty, headquartered in Bedminster, N.J., is an owner and developer of office, mixed-use, flex, industrial, retail and multifamily properties. The company, which entered the suburban Washington, D.C., marketplace in 1998, has offices in Landover, Md., and Chantilly, Va. Advance Realty presently owns in excess of 1.5 million square feet of space, including more than 900,000 square feet of properties in Northern Virginia, and more than 600,000 square feet of buildings in Maryland. Overall, with 4.5 million square feet of operating properties and a development portfolio consisting of 6 million square feet of commercial projects and 6,500 residential units, Advance is one of the leading real estate owners in the Northeast. For more information, call David Fisher with Advance Realty at 301-429-1170 or visit www.advancerealtygroup.com.
