Neustar has been a tenant at the company's neighboring 60,000-square-foot Ridgetop I at Loudon Tech Center for the past five years,occupying 45,000 square feet. The tenant fit-out is expected to becomplete by year-end. According to the company Ridgetop I and RidgetopII are completely leased.
Activity in Sterling is beginning to pick up, Robert Bavar, vicepresident of Bavar Properties Group, tells GlobeSt.com. When Neustarwas considering the building, there was another tenant alsoevaluating it for a potential full-building lease.Bavar says the company's portfolio, located in Baltimore, NorthernVirginia and parts of Florida, has an occupancy level in the low to mid-90s. He declined to give the building's asking rate.
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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.
