Advance Realty Continues Strong Leasing Activity Throughout Northern Virginia Portfolio
Advance Realty, a leading Northeast owner and developer of Class A office, mixed-use and flex-space properties, today announced that it has completed two lease transactions at buildings it owns in Fairfax County, Va., continuing the firm’s strong leasing activity throughout its DC-area portfolio. The new transactions include a 10,000-square-foot expansion at its Avion Business Park in Chantilly, Va., and a 1,579-square-foot lease at 8381 Old Courthouse Road in Vienna, Va.
“Avion Business Park and 8381 Old Courthouse Road are among the finest office environments in Northern Virginia, each offering superb proximity to major thoroughfares” stated David Fisher, senior vice president and regional managing director for Advance Realty’s Washington, D.C. region. “These latest transactions continue our healthy leasing activity, and come on the heels of a third quarter during which our DC-area leasing activity totaled more than 236,000 square feet.”
Intersections Inc, which is a provider of consumer and corporate identity risk management services, signed a 10,037-square-foot lease expansion at the Avion Business Park. The company now leases 98,310 square feet within Advance Realty’s nine-building portfolio at Avion. Henry Chapman of CB Richard Ellis represented the tenant, while Terry Reiley of CB Richard Ellis represented Advance Realty.
Additionally, JC Decaux Airport, Inc. signed a lease for 1,579 square feet at 8381 Old Courthouse Road. Carol Murphy and Patrick McCrann of Rosenthal Realty, LLC represented the tenant and Carter Byrnes of CB Richard Ellis brokered the deal for Advance Realty.
Today’s announcement continues strong leasing activity at 8381 and 8391 Old Courthouse Road, as Advance Realty recently announced two other lease transactions at the buildings totaling more than 19,000 square feet. Located in the heart of Tysons Corner, the Class A buildings total nearly 95,000 square feet and are connected by an attractive courtyard, a series of walkways and beautiful landscaping. The buildings lobbies feature marble floors, wall coverings and upgraded lighting.
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.advancerealtyinterests.com.
