Guernsey is consolidating operations from three separate buildings, while still expanding by 33% from its current 54,100 square feet in Chantilly. Joshua R. Katz of Jones Lang LaSalle represented Guernsey Office Products. Bob Gibbs of CB Richard Ellis represented the buildings owner ProLogis. Guernsey expects to be operating in the new facility by January 2010.
For the most part, leases in the DC area have been renewals; expansions in such deals have been minimal. This deal, unfortunately, does not represent the start of a shift towards new leases, Katz tells GlobeSt.com. "In many ways it was a unique transaction. Guernsey really needed to move, their situation had not been ideal."
The new space will enable the company to bring its office products, furniture and break room services businesses under the same roof in a modern and efficient distribution facility. Guernsey is using the Dulles location to fulfill orders for its cross-dock facilities in Beltsville, MD; Richmond and Virginia Beach, VA; using back-haul and line-haul logistics.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
