Catherine Jones of the Washington, DC office of UGL Equis represented InScope during its year-long search. Cresa Partner's Rich Rhodes represented Triple Canopy. In both deals, Brookfield Properties was represented by Peter Burke, Dave Millard and John Henschel at Cushman & Wakefield.
Meyer tells GlobeSt.com that the Reston market is slowly improving as space that delivered over the last four years begins to lease up. "We will really start to benefit once demand upticks and the supply on the market has been filled." He thinks that tipping point will occur this year and into next.
Two Reston Crescent is one of two buildings in a 36-acre complex. One Reston Crescent, which delivered in 2000, is fully leased to Sprint Nextel. These deals follow the 63,000-square-foot transaction Brookfield Corp. signed with Lafarge North America last September.
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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.
