Advance Realty Group Renews Lease with the Virginia Department of Transportation at Avion Business Park in Chantilly, Virginia
ADVANCE’S 900,000 SF VIRGINIA PORTFOLIO IS 99% LEASED
Advance Realty Group, a Bedminster, New Jersey-based commercial real estate owner and developer, announced the Virginia Department of Transportation has renewed its 122,279-square-foot lease at Avion Business Park in Chantilly, Virginia. Brad Davis of CB Richard Ellis represented the Virginia DOT in this transaction.
David Fisher, senior vice president and regional managing director of the Washington, D.C. Metro/Maryland/Virginia region for Advance Realty Group commented, “We are pleased to announce this substantial lease renewal with the Virginia Department of Transportation. At Advance Realty Group, we are committed to providing the highest quality facilities for our tenants, and this lease renewal is a reflection of our dedication to our tenants’ on-going needs. With this transaction, we are proud to also report our Virginia portfolio is 99% leased.”
Advance Realty Group acquired Avion Business Park in 2001. Strategically located in Northern Virginia’s dynamic Route 28 South submarket, just four miles from Dulles International Airport, the 188-acre business park consists of 19 buildings totaling 1.3 million square feet of quality space. Avion Business Park also features first-class amenities including an on-site deli, fitness center and three miles of jogging trails with fitness stations. Existing tenants include Lockheed, US Government, GTSI and Northrop Grumman.
Advance Realty Group’s Maryland/Virginia portfolio totals over 1.5 million square feet of quality office space. The Company has recently completed in excess of 225,000 square feet of lease transactions throughout the portfolio.
Advance Realty Group is an owner and developer of office, flex, industrial, retail and multifamily properties. With five 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.