RESTON, VA-Penzance announced it has signed another30,000-square-foot lease at its Parkridge Center Four here--thistime with ScienceLogic. The lease follows on the heels a30,000-square-foot lease it signed with NetWitness in the same building.
ScienceLogic will occupy the second floor and half of the thirdfloor. The move is a relocation for the company, but it alsorepresents positive absorption for the submarket, as it isexpanding four times their previous space.
Parkridge Center Four is a six-story, 120,000-square-foot, classA building off the Dulles Toll Road at the corner of Hunter MillRoad and Sunrise Valley Drive in the Parkridge Center office park.The building is now 85% leased. Other tenants include Qwest,NetWitness, Avenity, GS5 and Logostech. Andy Klaff, JakeMcInerney and John Dettleff of Grubb & Ellis representedPenzance in the deal. Rich Rhodes, Russell Canard and Aaron Berkeyof CresaPartners repped ScienceLogic.
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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.
