Advance Realty Group Announces Northern Virginia Portfolio is Nearly 100 Percent Leased
David Fisher, senior vice president and regional managing director for the Washington, D.C. region of Advance Realty Group, a leading commercial real estate owner and developer, reports the Company’s continued strong leasing performance throughout its portfolio of office properties in Northern Virginia. Advance’s Northern Virginia portfolio encompasses 896,177 square feet in twelve, state-of-the-art Class A office buildings, which is currently nearly 100 percent leased.
“We are extremely pleased with the continued outstanding leasing performance of our Northern Virginia portfolio,” commented David Fisher. “The Northern Virginia region remains one of the healthiest office markets in the country with strong demand from the defense industry as well as many other business sectors. Our portfolio is well positioned in this market to continue to experience high occupancy for the foreseeable future. At Advance Realty Group, one of the keys to our success is our ability to provide world class business environments and deliver first-class property management services at all of our facilities,” Fisher added.
Advance Realty Group’s Northern Virginia office portfolio consists of nine buildings located within Avion Business Park in Chantilly, totaling 729,477 square feet. Notable tenants of Avion Business Park include VDOT and GTSI. Advance Realty Group also owns Loudoun Plaza One in Sterling, a four-story building totaling 71,750 square feet situated in a business-like campus; and Centennial Plaza in Tysons Corner, which consists of two, three-story buildings totaling 94,931 square feet. Current availability throughout Advance’s Northern Virginia office portfolio includes one block of 6,500 square feet.
Advance Realty Group is an owner and developer of office, flex, industrial, retail and multifamily properties. With 5.5 million square feet of operating properties and a development portfolio consisting of eight million square feet of commercial projects and 9,400 residential units, Advance is one of the leading real estate owners in the Northeast and is headquartered in Bedminster, New Jersey.